“Broken Securities Industry Still Has $20 Billion to Pay Bonuses”
Oct.27, 2008 in
Market Outlook
By Christine Harper and Serena Saitto
“Oct. 27 (Bloomberg) — Five straight quarters of losses and a 70 percent slide in its stock this year haven’t stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses.
Goldman Sachs Group Inc. and Morgan Stanley, both still on track for profitable years, have set [...]



