Looks like the firms have pulled off a heist. Although there's still the requisite complaining by the auditors, they are, for the most part, okay with their raises. In fact, the staff associates are happy with their raises. Since most firms, except for one, didn't even give out any raises last year, a raise in the high single digits or low double digits is actually something delightful to them, a call to their moms perhaps. Never mind the fact that they're getting paid one level below what they should be paid. The firms have essentially moved all pay grades one level below without too much discontent. And so the rumor mill comes to rest since the facts have come out, and as always, the firms escape, with very few scars.
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