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Merrill Lynch cuts bonuses in half
Matt Turner
03 Dec 2008
03 Dec 2008
 |
Friday
09 January 2009
06:25 GMT
Staff at Merrill Lynch, who this week will find out if Bank of America shareholders are in favour of a rescue takeover of their employer, face a 50% cut in their year end bonus as investment banks rush to minimise costs and avoid criticism for excessive remuneration.
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