Bank bonus week begins
Main Street may be fed up with Wall Street’s apparent gluttony, but banks are once again awarding huge bonuses. The nation’s biggest banks, including Goldman Sachs and Citigroup, are expected to pay some employees year-end bonuses reaching into eight-digit sums. These staggering amounts may irritate the American public, which is still feeling the effects of the recession … but does the public’s ire matter? We speak with Eric Dash, who reported on this for The New York Times, and Dan Ariely, professor of behavioral economics at Duke University and author of ‘Predictably Irrational: The Hidden Forces That Shape Our Decisions.’
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