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Submitted by Martin on
I would like to hear to hear people's thoughts on the idea that this would have happened regardless of executive compensation. Once someone had the idea of making it possible to lend to people who would be likely to default,and those people were willing to take out these mortgages and loans everyone else was forced down that path; the firms engaged in these practices,from the making of loans to the trading in derivatives were making good profits,if a firm sat on the sidelines it would show poorer results,investors would either leave or force a change management because it was being outperformed by the competition and appeared incompetent. Perhaps our salvation lay elsewhere and not in change of compensation?