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by merely-unlikely 1319 days ago
Investment banks also face the problem of employees holding disproportionate power but they have a somewhat different solution than tech companies - keep the harsh working conditions and pay top performers huge bonuses.

If you're a fan of Matt Levine, "the modern investment bank is a socialist paradise run for the benefit of its workers."

It's common for a top trader to make more than the CEO at major banks. You'll see this on occasion at tech companies but generally pay is far flatter and so they come up with other ways to entice staff.