OK, OK, so great, we all see that huge bonuses mean that people will take higher risks and that perhaps we don\’t particularly want people to take such risks.
But the problem with this article, as with every other one on the same subject, is that no one ever says what the solution is.
It could in fact be that there is no legislative solution….at least, not one that is not worse than the current perceived problem.
We can\’t simply ban bonus payments, that\’s a gross interference with the basic freedom to set up a contract however you wish.
Other than that, what actually could be done?
Not a lot, eh?