In support of this view, many of the biggest losers were hedge funds, and note this quote :
"...the top 25 hedge fund managers combined appear to have earned more than all 500 S&P 500 CEOs combined (both realized and estimated)."
(originally from Steve Kaplan and Joshua Rauh)
Who can doubt that bonuses for short-term "performance" were a big part of those "earnings?"
2007-10-16
The Subprime Mortgage Scandal - What Really Happened (3)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment