In late February, Northern Trust gathered employees and clients in Los Angeles for a golf tournament and headline entertainment. When reports of the event surfaced, the Chicago-based bank, which received $1.5 billion in federal bailout money, joined AIG, Wells Fargo, and other financial institutions on the firing line for holding events deemed inappropriate for companies shored up by the government's Troubled Asset Relief Program. The Northern Trust event became a lightning rod, bringing ...

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