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Wall Street Prepares to Take Sharp Pay Cut

Tue, January 10, 2012 2:02 PM | Tara McMullen-King (Administrator)

A dismal year means Wall Street is about to take a big hit to its wallet. As banks prepare to report fourth-quarter results and make final bonus decisions for 2011, total compensation is likely to be the lowest since 2008, when the financial crisis destroyed some firms and left many survivors on government life support.


http://online.wsj.com/article/SB10001424052970204331304577147750253122844.html

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