Tuesday, March 17, 2009

Wall Street Pursues Pay Loopholes

http://online.wsj.com/article/SB123724826580949187.html

One way or another the pride of Wallstreet will be paid.

Some Wall Street firms are looking for ways to sidestep tough new federal caps on compensation.

In response to expected bonus restrictions, officials at Citigroup Inc., Morgan Stanley and other financial institutions that got government aid are discussing increasing base salaries for some executives and other top-producing employees, people familiar with the situation said.

The crackdown