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What Brought Merrill To Its Knees

Thread starter HakkaThaileen
Start date Dec 21, 2008

HakkaThaileen

Alfrescian

Loyal

Dec 21, 2008

"... Wall Street's pay structure, which gave huge bonuses based on ephemeral profits, encouraged employees to act like gamblers at a casino.

It allowed them to collect their winnings while the roulette wheel was still spinning..." - The Sunday Times, 21 Dec 2008

Is our local million-dollars salary structure also modelled after the Wall Street's pay structure...? If it is the case, disaster is in the brewing..

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