More on Bonuses

This Wall Street bonus debacle has me irked and probably you too. The gist of the issue is twofold: Merrill paid out bonuses in December before it was acquired by Bank of America and total Wall Street bonuses were over $18 billion in 2008 according to New York City's comptroller. Let's take these in order.

Executive Compensation & Corporate Governance

We hear a lot of rhetoric about executive compensation, the majority of it is critical of CEO pay. Yet CEO pay continues to climb and little seems to be done about it. Is exec pay out of control and if so, why has it not been curtailed?

The issue is complicated, so lets begin with some background.