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Morgan Stanley to cut 1,600 jobs | Reuters

Morgan Stanley to cut 1,600 jobs | Reuters

In order to bail out MF Global, JP Morgan sacrificed 1600 employees.

We must also ask ourselves what is the executive pay that JP Morgan's CEO received this year? Because the Guardian revealed CEOs pay hikes of up to 40%.

Now it is obvious why people are on the streets and why it is more and more a middle class as well as a populistic protest.

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