Saturday, December 20, 2008

Fitting bonuses for executives this year

Kudos to Credit Suisse. Drowning in red ink, the Swiss bank announced it would pay bonuses to senior investment bankers not with cash but with mortgage-backed securities, high-yield bonds, and other forms of the untradeable junk now clogging the world's banking system.

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[Source: Financial news of the day - CNNMoney.com]

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