The kingdom of Goldman and Morgan
Steve Pearlstein tells Wall Street a bedtime story.
By
Ezra Klein
|
October 30, 2009; 8:46 AM ET
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Posted by: adamiani | October 30, 2009 9:39 AM | Report abuse
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You know, as a general rule, I tend to think it's a good thing when employees get to do well for themselves and strengthen their bargaining positions vis a vis their employers. If an employee generates $50 worth of revenue they don't have some sort of moral obligation to ensure that their employers can skim off $40 of it instead of $25. I'm not sure this is the right way to look at what's gone wrong on Wall Street.