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Wall Street names that have been among the most buffeted in recent months – Merrill Lynch, UBS and Citigroup – are hiking pay for their top investment bankers in an attempt to stop an exodus of talent.
OH NO!!!! WHAT IF THE OTHER LEMMINGS GET AHEAD OF US?!??!?!?!?
You guys were worried that having a "pay czar" would mean these guys can't cash in any more... GET REAL.
Capitalism is alive and well and trying to figure out how to circumvent pay reporting transparency -- the only thing the Feds are even asking for -- as we speak. Rest easy. You retain the right to be bent over by a superyuppie for the rest of your days. Oh Joy!!!
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