Wednesday, June 24, 2009

You broke it you buy it

Credit ­Suisse bank has chosen to reward its executives with bonuses. Not cash, not stock, but the toxic assets that are bringing down wall street and the economy. Its a great idea. While most banks have decided not to punish those who dealt in toxic assets many instead, have been rewarded with the usual bonuses. Thus sending the message what you do has no effect on your salary or your future here. On the other hand Credit Suisse, acting like a responsible leader is telling their workers you broke it you buy, teaching them in the process that they have responsiblities to shareholders, executives and the world.

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