
The Stock Doc: The Bonus Blame Game

By Alden Cass
About this article:
As the government looks at ways of clamping down on bonus payouts and compensation packages paid to employees at banks bailed out by the public's tax dollars, the run-up to bonus time on Wall Street is only likely to fuel the already heated debate among the public, investors, the media and those in the financial industry over what is and is not a fair deal for all.
As the politicians and regulators to and fro over how stringent the regulations should be and as long as there are no clear-cut, uniform guidelines for financial compensation and bonuses, public outcry at what is perceived as Wall Street's greed and lack of accountability is likely to be pitched all the more starkly against the helplessness of those losing their jobs, their homes and their pensions - even more so when the paying public realizes that bonuses are on track...

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