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Analyst Jack Grubman left Salomon Smith Barney with a $32 million severance package -- the most glittering of golden parachutes. Unlike Grubman, however, most Wall Streeters are facing the era of the incredible shrinking severance package. It's been such a tough year on the Street that not only do banks not have the money to pay people, but they also barely have the money to fire them.
August 28, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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