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Article: Investment bankers making changes
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- May 27, 2002
- Author:
CopyrightCopyright 2002 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Investment bankers making changes
Top analysts could get much smaller paychecks
By ROBERT O'HARROW JR. Washington Post
Monday, May 27, 2002
They became icons of the Internet boom, research analysts who went
from the back rooms of Wall Street to television screens across the
nation, doling out investment advice and becoming rich themselves.
Merrill Lynch's Henry Blodget, Salomon Smith Barney's Jack Grubman
and some other top analysts made $12 million or more a year, in part
by setting up deals and touting the stocks of the very companies that
paid their firms huge fees for investment-banking services.