Friday, July 24, 2009

Did Goldman learn anything? Did shareholders?

Asymmetric and short-term oriented pay packages have largely been seen as major causes of the financial meltdown we saw last year. So since everyone has seen the problems, we are no longer going to pay people in the same manner. Right? Well, hold on, not so fast.First from the NY Times:"Goldman posted the richest quarterly profit in its 140-year history and, to the envy of its rivals,

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