Still seeking rewards
-
- February
- 11
You’d think by now that Wall Street would undertstand that it is reward enough these days to have a job. A pay check. Particularly when your firm has been run so poorly that it needed a government bailout to stay afloat.
No.
Morgan Stanley and Citigroup’s Smith Barney—which together have gotten at least $60 billion in bailout money and which will be merged—will reward their financial advisers with retention payments, according to the Huffington Post. Do these advisers really have anywhere to go?
At what point does Wall Street start realizing that the rules have changed?
This entry was posted
on Wednesday, February 11th, 2009 at 7:35 pm by Noreen O'Donnell.
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