1. Listen, if they were hired and promised certain things I say pay them, but if they’re not contractually obligated to receive such high paying bonuses then I say let them walk. There will always be somebody making less than they were that would love to have their job.

    • The bonuses fluctuate and aren’t strictly specified. In investment banking they can be a major portion of income. Cuts this year could be 30-50% of total pay.

      So, if some overly entitled prick of an investment banker was borrowing all year against an expected bonus, then he’s screwed.

      Not that anyone cares.

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