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

04/26/2010 05:12 am ET | Updated May 25, 2011
  • 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

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