No Matter What Happens, Wall Street Will Get Paid
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Think the meltdown on Wall Street will ruin bonus season for bankers in town? Not necessarily! Merrill Lynch has set aside $6.7 billion to pay annual bonuses. Goldman Sachs plans to dole out $6.85 billion in total, an average of $210,300 for each employee. And Morgan Stanley has $6.44 billion for bonuses, or $138,700 per person. And you were concerned the $700 billion bailout would be misspent. [Bloomberg]