Huffpost Business

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

Posted: Updated:

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 at Bloomberg

Around the Web

A.I.G. Planning Huge Bonuses After $170 Billion Bailout -

What Red Ink? Wall St. Paid Fat Bonuses -

Wall Street Bonuses Rise as Big 3 May Pay $30 Billion (Update2 ...

Anger over Wall Street's big bonuses resurfaces, despite Obama ...

Wall Street bonuses jumped 17 percent last year | Reuters