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Why do you do what you do for a living? Do you do it because you love it? Do you do it for the money? Or do you do it because you don't know what else to do?
Life is about choices and that’s why Bruce Wasserstein’s early death should give anyone who works on Wall Street a moment of pause. Many find, as Evan Newmark did, that a life on Wall Street exacts a heavy price.
Below Newmark and Dennis Berman reflect on the death of Wall Street legend Bruce Wasserstein and ponder the sacrifices of working on Wall Street.
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Drug dealing and prostitution is a heavy toll also. If working on Wall Street had structure so brokers weren’t forced into having to compromise values for a “deal” to make a living, maybe it wouldn’t take such a heavy toll.
Deal Journal is an up-to-the-minute take on the deals and deal makers that shape the landscape of Wall Street, including mergers and acquisitions, capital-raising, private equity and bankruptcy. In short, wherever money changes hands. Deal Journal is updated throughout each trading day with exclusive commentary, analysis, data, news flashes and profiles. The Wall Street Journal's Michael Corkery is the lead writer, with contributions from other Journal reporters and editors. Send news items, comments and questions to deals@wsj.com.
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