Europe’s Plan to Shrink Banker Bonuses Is Très Stupide
Capping bonuses won't fix what ails Europe's banks.
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Capping bonuses won't fix what ails Europe's banks.
Europe's leaders want to cap bonuses at banks. It could backfire.
It's the best way to pay people, even if the amounts are outrageous.
The boss has some realism for those "really unhappy" with lower compensation.
All indications point to the lowest levels of compensation since 2008.
But he's not entirely sure the pay for those two hitters is justified, either.