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Wall Street’s Old, Unwanted Bond Salesmen Find a Home in Chicago

  • Banks cull graying herd of brokers, favor youth and technology
  • No markets for old men: higher-paid traders, salesmen at risk
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Wall Street’s Unwanted Find a Home in the Windy City

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Arthur Main learned the hard way that Wall Street is a young person’s game.

After a quarter-century at Morgan Stanley, Main -- like countless old-school types who came of age in the ’80s -- was kicked to the curb as banks turn to youth and technology in the face of tighter regulation and lower profits.