NYT DealBook unwittingly continues my French Revolution metaphor. They report that a panel at Davos turned into a "lynch mob, Davos-style" over the issue of clawing back wall street bonuses. Nassim Nicholas Taleb nominates Rick Rubin to play the Sun King. For more on Nassim Nicholas Taleb, see Joe Nocera's excellent article on Risk in the New York Times Magazine.
The idea of governments clawing back the bonuses paid to executives at bailed-out institutions isn't new, but it appears to be moving from the theoretical to the actual.
Wednesday, January 28, 2009
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