Bonus Watch '09: BAC

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Did Bank of America change its IB bonus payout schedule? Maybe! According to one young man lucky enough to work under the tutelage of Ken Lewis (and in the reflected glow of Angelo Mozilo) Bank of Amerillwide will be "spreading bonuses for 2008 across six successive quarter-ends beginning this March." The new plan will supposedly replace the previously announced multi-year one, which was surprisingly met with little support. This is the first we've heard of the thing, so if anyone has more information they'd like to get of his or her chest, let us know.

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