Thursday, December 18, 2008

FINANCE: Level 3 Bonuses...

This is a pretty cool solution to the bonus question for large financial firms:
As Wall Street banks face public outrage over the large bonuses they plan to pay workers this year, Credit Suisse’s investment banking unit told senior bankers on Thursday that they would have to eat their own cooking.

Credit Suisse will pay a portion of bonuses for thousands of its senior investment bankers using shares of troubled assets left over from before the financial crisis.
I'm thinking all firms should do that... (Reference)

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