Culture Shock

As you know, the feds have been trying to crack down on compensation and bonuses for big business, especially for the banks, as part of TARP and the economic stimulus. This, despite criticism that it could lead to companies losing top executives at a time when restructuring and survival may depend heavily on stability and competent leadership. Maybe so, and government attempting to heavily regulate the affairs of business probably sounds better to you and I than it actually works in practice. And after reading this article from Crain’s New York, you might think bonus caps aren’t such a good idea. Or, you still may.

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