Effort to Rein in Pay on Wall Street Hits New Hurdle


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Published in The New York Times August 10, 2009 by Eric Dash 

A guaranteed bonus might strike many people as a contradiction in terms. But on Wall Street, banks have become so eager to lure and keep top deal makers and traders that they are reviving the practice of offering ironclad, multimillion-dollar payouts — guaranteed, no matter how an employee performs.

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