Just Look At Those Big Grins

For most of the 1980s, Wall Street's pin-striped investment bankers held sway over their shirt-sleeved brethren, the traders. Dealmakers produced the heftiest profits and won the biggest bonuses. "It's a source of tension on Wall Street," says Alan Johnson, a recruiter with GKR International, an executive search firm. "Traders went to New York University or City College, and the bankers went to Yale."

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