Monthly Archives: March 2009

More on AIG bonuses

Hi all, As usual, many of you had interesting comments on my March 19th note on the AIG bonus scandal. Louise (my former wife) replied: “Thank you for the thoughts.  I just can’t buy these arguments.” She no doubt reflects … Continue reading

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AIG Bonuses

The issue of bonuses is complex. In some societies, Christmas (or year end) bonuses are a traditional way of sharing the risk of how well a firm does each year between firms and their employees. In poor years, employees share … Continue reading

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Travel Notes for March 2009

Hi from Astana Capitalism-service When I first started coming to Kazakhstan in 1992 I was struck by the dramatic difference in the quality of customer service in the post communist country and the standards of the non-communist world. Under capitalism … Continue reading

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