BUSINESS
09/09/2009 05:12 am ET Updated May 25, 2011

Wall Street Revives The Practice Of Offering Guaranteed Bonuses

A guaranteed bonus might strike many people as a contradiction in terms. But on Wall Street, banks have become so eager to lure and keep top deal makers and traders that they are reviving the practice of offering ironclad, multimillion-dollar payouts guaranteed, no matter how an employee performs.

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