Monday, August 10, 2009

Bankers Eat Garbage

So is there a better way? Credit ­Suisse, a Swiss bank that has weathered the credit crisis better than most, created an ingenious and gratifying solution to the problem of outsize pay for Wall Street failure. It decided late last year to pay out part of its bonuses in toxic assets. On Wall Street, the old saying is that you “eat what you kill.” In this case, Credit Suisse is making its employees eat their own garbage.


Read the rest of the Portfolio article here.

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