Tuesday, September 11, 2012

Huh?

“At J.P. Morgan, the biggest U.S. bank by assets, directors are considering lower 2012 bonuses for Chief Executive James Dimon and other top executives in the wake of a multibillion-dollar trading disaster, said people close to the discussions. But they also are grappling with the question of how to do that without drastically reducing the executives’ take-home pay.”  This from today's Wall Street Journal causes me to ask how Morgan will pay a lower bonus but executives will take home the same pay.

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