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European Salon de News, Discussion et Klatsch - 15. January
|
98
comments (98 topical, 0 editorial, 0 hidden)
Re: Economy & Finance
(
4.00 / 3
)
The commenters who I used to argue about this with seem to have moved on, but I wrote a diary about this, back in the day. Seems that yet more of the profits of the boom were illusory...
by
Metatone
(
metatone [a|t] gmail (dot) com
)
on
Thu Jan 15th, 2009 at 05:47:37 AM EST
[
Parent
]
Re: Economy & Finance
(
none / 1
)
This is what happens when you can use creative accounting to skim off the company's wealth as a "performance" bonus.
Most economists teach a theoretical framework that has been shown to be fundamentally useless.
-- James K. Galbraith
by
Migeru
(
migeru at eurotrib dot com
)
on
Thu Jan 15th, 2009 at 05:59:12 AM EST
[
Parent
]
Re: Economy & Finance
(
none / 0
)
Indeed. The profits may have been illusory.
The bonuses weren't.
by
ThatBritGuy
(
thatbritguy (at) googlemail.com
)
on
Thu Jan 15th, 2009 at 08:03:13 AM EST
[
Parent
]
European Salon de News, Discussion et Klatsch - 15. January
|
98
comments (98 topical, 0 editorial, 0 hidden)
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