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by cims 5356 days ago
I do understand this sentiment, to an extent. The reality is that all the banks participate in the same job market and need to compete to attract and retain talent. If a bank (regardless of bail-out status) does not compensate employees competitively, it will fail to attract and retain the necessary talent and as such fail to perform. The only way a bank could still succeed without paying bonuses is if all banks did the same thing. Don't hate the player, hate the game.
2 comments

If this were a game, what sport would it be? Last I checked, gambling, and lets be honest, that's what this is, isn't a sport.
> Don't hate the player, hate the game.

Or hate anyone who repeats this meme.