Socialized Compensation
Until bankers face a real risk of losing their shirts, they will keep ratcheting up risks to collect rewards while letting the rest of us carry the bag when their punts go bad. Full Story »
Posted by Julian Friedland
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Subjects:
Business
Topics:
Corporate Governance
Editorial
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Posted by Julian Friedland - Mar 20, 2008 - 9:23 PM PDT
Reviewed by:
Julian Friedland (review), Mark Baird (review), Kaizar Campwala (review), Gerard Barberi (review), Julia Willebrand (review)
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This editorial is a good conversation opener. It lays out the problem. But nfortunately, offers no solutions. In fact, a solution/option of limiting salaries of the "bankers" who lead the system into the abyss is declared a nonstarter.
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(13 answers)
My only problem with this article is blaming this on the Bush administration. Bailing out big businesses is something the government as a whole has been doing for the longest time. It's not limited to one administration or one branch of the government. Correcting this is going to take a little more than just cleaning out one administration.
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(9 answers)
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