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Wall Street Bankers Are Overpaid, Says Morgan Stanley Chairman John Mack

First Posted: 04/26/10 06:12 AM ET Updated: 05/25/11 04:40 PM ET

John Mack Morgan Stanley

Bloomberg:

Morgan Stanley Chairman John Mack said investment bankers are overpaid and Wall Street compensation won't decrease much because firms don't want to lose their best performers.

"I still don't think the industry gets it," Mack said yesterda

Read the whole story: Bloomberg

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Filed by T.J. Ortenzi  |