Pay Rule May Give BlackRock a Big Recruiting Boost Over JPMorgan

  • U.S. incentive-compensation proposal toughest on large lenders
  • Banks’ employees facing bonus limits outside competitors don’t

Getting paid to manage money may soon be less restrictive at BlackRock Inc. than at JPMorgan Chase & Co. under a U.S. proposal that could make it harder for Wall Street banks to compete for talent.

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