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Bonus Watch '09: SAC

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HFA today confirms the SAC bonus news told you about in December. New contracts for PMs now have 25% of their bonus held back and paid out over 3 years, and whereas employees once received complimentary bear claws with each bag of money, they're now being held to claw back provisions over the three years. While some naysayers might describe this as a raw deal, what it really means is 36 more contractually obligated months with the big guy. And who wouldn't want (a piece of) that?