Monday, March 11, 2013

In Defense of the Wall Street Bonus

Generally, I think Wall Street bankers get paid too much overall, but this 6 minute video from does convince me that it makes sense that their compensation structure be designed with bonuses being a large portion of their total compensation. Basically the video defends variable compensation, with which I completely agree.  The same website also has an interesting 1 minute video about the business of guns.