Word: compensationitis
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Ultimately, however, skeptics say changes in the classroom won't translate to an equal shift in the way real-world business operates. Morici says that Wall Street's compensation structure rewards risky business, and that's at the heart of the problem. "Until the banks are compelled to reform their...
Didn't the folks on Wall Street, who are nothing if not smart, know that someday the music would end? Sure. But they couldn't help behaving the way they did because of Wall Street's classic business model, which works like a dream for Wall Street employees (during good...
Harvard students braved a long line on Mass. Ave. yesterday to get their hands on free homemade ice cream at J.P. Licks. The local company, which has eight locations throughout the Greater Boston area and moved into Harvard Square early this summer, created the promotion to appeal to college students...
Indeed, Thailand's latest political crisis, which has driven away foreign tourists and caused the country's stock market to swoon, is looking ever more intractable. Samak was kicked out of power in an unlikely fashion. Last week, the Constitutional Court determined that he had contravened the national charter by...
A group of lawyers situated around China has agreed to represent parents who are now trying to win compensation from Sanlu. They say the legal responsibility likely extends beyond the milk producers. "The [government's] quality control departments are probably responsible for the tragedy. It's unlikely that the whole...