BUSINESS
08/30/2009 05:12 am ET | Updated May 25, 2011

Wall Street Bonuses Still a Problem Without a Solution

New York attorney general Andrew Cuomo is getting what he wants out of his latest report on Wall Street's bonuses: lots of attention. Here's what he's not getting: Props for offering a solution to the problem. Cuomo's report aptly titled "No Rhyme or Reason: The Heads I Win Tails You Lose Bank Bonus Culture " lays out the issue in stark detail. While bank executives have consistently claimed that they reward their employees based on performance the data consistently proves otherwise. Across the board at the biggest recipients of taxpayer bailout money overall compensation remained high even as profits ...

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