Slate on $100 Million Bonuses

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.

Advertisements

One response to “Slate on $100 Million Bonuses

  1. I wonder if this should also lead us to more general questions about how much of the economy should be based upon the financial sector’s returns?

    Is the health of the financial sector so important because it is that important in a balance healthy economy of which it is a part, or because other sectors of the economy (manufacturing for example) are not important? Is it a sign of a less healthy less stable economy when financial services are this prominent?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s