This article talks about the recent drop in banker's salaries, and how these bankers are reacting. At one bank,
Goldman Sachs Group Inc, the drops were at 25%. Many wealthy bankers are feeling "helpless", not being able to sustain their extravagant lifestyles on these new pay drops. Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country's top 1 percent by income, doesn't cover his family's private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot
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