Dollar slide hits bonuses

- By FX Markets Staff
- @FXMarkets_
- 12 Jan 2004

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A Lehman Brothers spokesperson in London confirmed that some bonuses are calculated in dollars before conversion -- although some others are calculated in local currency. A spokesperson at another US bank in London said some staff would be negatively affected while others will not. This depends on their level of seniority, which determines how bonuses are decided.

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