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$100 Million Bonuses Should Not Exist
My headline refers to the $100 million bonus that Andrew Hall, the head of Citigroup’s Phibro commodities trading group, is reputedly due this year. This bonus is in addition to the $100 million he was...
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Krugman on $100 Million Bonuses
Just a quick link to Paul Krugman’s column on Andrew Hall’s $100 million bonus, about which I wrote the other day. Krugman focuses more on the downside of financial speculation than on the economic...
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Slate on $100 Million Bonuses
Slate business writer Daniel Gross has another take on Andrew Hall’s bonus, about which I wrote last week. Gross notes that hedge funds primarily exist to make traders rich, and do little for...
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