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Facing a business environment marked by declining trading profits and lower returns on equity,...

Facing a business environment marked by declining trading profits and lower returns on equity, big-name Wall Street banks are slashing compensation - sometimes even for top-performing employees. Reports of job cuts at UBS, Credit Suisse (CS), and Morgan Stanley (MS) surfaced last month.
Comments (2)
  • Tschurin
    , contributor
    Comments (362) | Send Message
     
    Let me translate...Wall Street pay in comparison to the rest of the country will be obscene, just no longer ridiculously obscene.
    8 Jul 2011, 01:57 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    Tsch, tsch, tsch. So sad.
    8 Jul 2011, 03:40 PM Reply Like
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