Fat Cat CEO Pay Created Mess
How Fat Cat CEO Pay Fed the Mortgage Mess
If you're wondering how otherwise extremely bright people at the top of our country's best banks led us into the subprime mess, here's a simple answer:
There was too much money in it for them to resist. Lax boards dangled huge rewards for short-term performance with little incentive to limit risk.
If you're wondering how otherwise extremely bright people at the top of our country's best banks led us into the subprime mess, here's a simple answer:
There was too much money in it for them to resist. Lax boards dangled huge rewards for short-term performance with little incentive to limit risk.
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