Slate business writer Daniel Gross has another take on Andrew Hall’s bonus, about which I wrote last week. Gross notes that hedge funds primarily exist to make traders rich, and do little for non-employee shareholders. So he questions why Citigroup shareholders would want to retain Hall and his Phibro operation.
-
Recent Posts
Blogroll
Sites
Tag Cloud
america apple ayn rand bailout barack obama Business congress consumerism consumption corruption culture deficit democrats economics economy Environment facebook financial meltdown goldman sachs GOP greed health care health care reform income inequality internet lobbyists Obama Philosophy politicians Politics Pop culture regulation Religion republicans Sarah Palin silicon valley supreme court taxes tea party Technology terrorism Trends venture capital wall street wealthThoughtbasket’s RSS feed