Sheer genius - Megan McArdle
But I have to agree that this is just fucking brilliant.
Credit Suisse is paying its top executives in illiquid mortgage-backed securities. I've no doubt that someone, somewhere, will find a way to complain that it's not fair, but it strikes me as a very good idea. If the things really are any good, they make money; if not, they take a bath along with the rest of us.
But I have to agree that this is just fucking brilliant.
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