Henry Ford is frequently misquoted as saying “History is bunk” what he actually said was: “History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s dam is the history we made today.” Looking at the current state […]

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The FSA this week introduced a new code for remuneration practices at large banks, building societies and broker dealers in the UK.  Not surprisingly, the FSA’s main objectives are to ensure that boards keep a tighter rein on the link between company pay and risk management and sustainability, and that incentives provided to individuals are […]

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