TED Blog: Dan Ariely asks, What is the right amount to pay bankers?: "Dan Ariely's new book, The Upside of Irrationality, debuts tomorrow -- he sends us this teaser, based on research that's described in much more detail in Chapter 1 of the new book:
Recently there has been a public outcry against astronomical executive salaries. The basic public sentiment is that it seems unfair that people make so much money for mismanaging our money, especially when it is so difficult to see how bankers’ talents and abilities justify their compensation. Naturally, it’s particularly offensive when executives receive high bonuses after disastrous performances, or, worse, when the bonuses come from taxpayers’ money courtesy of government bailouts."
1 year ago