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Finance Documentaries: http://www.financedocumentaries.com/2013/02/in-defense-of-wall-street-bonus.html
Tuesday, 26 February 2013
In Defense of the Wall Street Bonus
This short video from One Minute MBA examines the concept of bonuses on Wall Street and considers why (some) people who work in finance get paid such large bonuses. Essentially bonuses - or performance linked pay - are useful from a corporate governance, business and financial management perspective; but the impact on the wider economy is also very important. While it's easy to understand the frustrations of some people during the financial crisis on why bankers bonuses are so high, the fact is there is a good reason behind it. Of course - if you believe the matter is still open for debate we would love to hear your argument in the comments section below.
.Buy finance books
Finance Documentaries: http://www.financedocumentaries.com/2013/02/in-defense-of-wall-street-bonus.html
.Buy finance books
Finance Documentaries: http://www.financedocumentaries.com/2013/02/in-defense-of-wall-street-bonus.html
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Ridiculous it is simply bankers thieving the cash, share prices are 1/5th of what they were with all the bailouts. Overpay for crap for performance.
ReplyDeleteThis arguement has more holes than a swiss cheese. It completely ignores the FACT that big bonuses have been, and continue to be, paid regardless of performance. And to try refuting that big bonuses, combined with lack of regulations and 'too big to fail' 'insurance', was not one pf the main contributing factors to reckless mismanagement is simply laughable.
ReplyDeleteWish I could get a big bonus...
ReplyDelete