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Banks, Bonuses and Capitalism – Full text of letter published in the London Times Tuesday 31st Jan 2012

Tweet  Banks, Bonuses and Capitalism The concept of the bonus is the problem, not its size. It fosters lazy management, indiscriminate sales, bad salesmanship and is irreducibly divisive; hostile to teamwork and destructive of team spirit. The bonus is based upon a cynical contempt for people: that they can only be motivated by greed and cannot take [...]
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