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John Mack on Life Lessons From Financial Crisis

Masters in Business

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Credit Suisse's Headcount Is Out of Control

When he got there, three of my bankers who had worked for me at Morgan Stanley were big in technology. When I saw what kind of money they were making, it was mind boggling. And this isn't just headcount. This is, you describe some pretty egregious spending going on at Credit Suisse. Well it was totally out of control.

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