FAILURE REWARDED WITH YOUR TAX $$$: No curbs on Wall Street pay despite meltdownQuicklink submitted by Amanda Lang Permalink
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|Despite the Wall Street meltdown, the nation's biggest banks are preparing to pay their workers as much as last year or more, including bonuses tied to personal and company performance. Some banks are setting aside large amounts. At Citigroup, which has cut 23,000 jobs this year amid the crisis, pay expenses for the first nine months of this year came to $25.9 billion, 4 percent more than last year.|
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