Sony Kapoor, former employee of Lehman Brothers, criticizes the German proposal for a ‘competitiveness’ pact: “As I remember it, excessive and badly designed compensation structures in the financial sector were major factors in the financial crisis. Having failed to address that (bonus levels are back to pre-crisis levels), our dear leaders are focusing on squeezing workers’ wages instead.”
Nach dem Rettungspaket im Volumen von 480 Milliarden Euro greift nun der Bundestag den Banken unter die Arme: Sie dürfen ihre Risikopapiere in Bad Banks umschichten.
R. Lansbury. Journal of Industrial Relations, 51 (5):
599-616(November 2009)The Kingsley Laffer Memorial Lecture, University of Sydney, 16th March, 2009.