It
doesn't take a genius to see that bonuses will be down for 2008. Most
of you still expect to get something, however. Whether this is totally
realistic is open to question.
Alexandre Mouradian, manager of a team of seven employees, awarded himself almost the entire £1.43m bonus pool, and is now suing his emplyer for allegedly shortchanging him out of a further £92k.
Dodgy
mortgage lending in America, combined with absurd financial
engineering, has done more damage to the world financial system than
Saddam Hussein ever did.
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