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January 11, 2010

Wall Street Employees Grumble over Bonuses
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In other economic news, Wall Street firms are preparing to give out
billions of dollars in annual bonuses. The average employee at Goldman
Sachs is expected to receive a bonus worth nearly $600,000. Many
executives will earn far more. At JPMorgan the average bonus is expected
to top $450,000. But the Wall Street Journal reports many employees at
Goldman Sachs, JPMorgan and other firms are grumbling because much of
this year’s bonus will be in stock instead of cash.



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