What Could Be The Harm?

The G-20 nations apparently are looking to enact banker-compensation regulations.  Tyler Cowen wonders where the literature is to justify this.  If he doesn’t know about it, I question its existence…

To learn a bit more about investment companies and how employees get paid, you could do a lot worse than read this (currently) two-part series by the Epicurean Dealmaker.  Starting off with a description of “anti-bonus zombies” as “generally dim-witted, slow-moving, and awkward” is awesome.