Wages, Bonuses and Appropriation of Profit in the Financial Industry

This book provides an in-depth inquiry into the bonus system in the financial industry. It explains how and why some employees can get such large bonuses and considers issues around incentives, morality and wealth-sharing. The analysis focuses on the rise of "the working rich" and shows how the most mobile employees holding the most mobile assets can exploit the most immobile stakeholders. These people have earned a fortune through their work and new forms of exploitation in our ever-more dematerialized economy. It is an important study of one of the key contemporary issues in a world where inequalities are sharply rising.