“Managers who won’t give up their bonuses,” reads a front-page headline in tomorrow’s edition of the official Vatican newspaper L’Osservatore Romano. The article reports that Citigroup is laying off 52,000 employees while still paying their executives year-end bonuses-in contrast to Goldman Sachs and UBS, where top executives have chosen to go without. No prizes for guessing what the paper thinks is the right choice.
Vatican vs. Wall Street
“Managers who won’t give up their bonuses,” reads a front-page headline in tomorrow’s edition of the official Vatican newspaper L’Osservatore Romano. The article reports that Citigroup is laying off 52,000 employees while still paying their executives year-end bonuses-in contrast to Goldman Sachs and UBS, where top executives have chosen to go without. No prizes for […]
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Beliefs
