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Wall Street Banks Cut Pay Yielding To Political Pressure

First Posted: 03/27/10 06:12 AM ET Updated: 05/25/11 04:20 PM ET

Wall Street Pay Cuts
Wall Street Pay Slashed Amid Political Furor Over Banker Compensation

bloomberg.com:

Jan. 25 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank slashed their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge in coming weeks.

Read the whole story: bloomberg.com

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Filed by Grace Kiser  |