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$13 Billion Set Aside for Wall Street Bonuses

HeadlineOct 28, 2008

Bloomberg is reporting Goldman Sachs and Merrill Lynch have set aside $13 billion to give out as year-end bonuses, despite the financial meltdown. One analyst is predicting the average managing director at an investment bank will receive a bonus of $625,000 this year. Top bankers could receive as much as $1 million.

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