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Wall Street pay, bonuses to plummet in 2011

from MSNBC

Year-end bonuses, a beloved perk for many Wall Street employees, are expected to plummet by as much as 40 percent this year, according to a study by executive search firm Options Group in The Wall Street Journal. Annual compensation for workers at Wall Street firms could dip by up to 30 percent, and the areas that will see the biggest drops include currencies, commodities and bond trading, the study showed. more

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