Ex-Wall Street Trader: End Bonuses!

Insider

Updated Apr. 24, 2017 1:06PM ET / Published Nov. 08, 2011 11:45AM ET

Getty Images

Leave it to the New York Times op-ed page to turn handwritten Occupy Wall Street signs into a well-argued policy essay. Former Wall Street trader Nassim Nicholas Taleb offers a simple fix to the financial system woes: outlaw bonuses in all too-big-to-fail institutions. The move would disincentivize reckless risk taking, tie compensation directly to the fate of their trades, and greatly reduce the need for future bailouts. The same principle applies to all jobs, he writes: “Cooks should taste their own cooking; engineers should stand under the bridges they have designed when the bridges are tested.”

Read it at The New York Times

Texas Attorney General Tests Positive for COVID-19

Where and when the embattled attorney general contracted the virus is unclear, as is whether he has been vaccinated.

Djokovic Owns Majority Stake in COVID Cure Startup

QuantBioRes’ CEO stressed in an interview that his company’s drug was a treatment, not a vaccine, which Djokovic has famously refused.

This Microwave Popcorn Comes In Out-of-This-World Flavors

Opopop’s delectable popcorn liberates you from boring flavor.

Jan. 6 Committee Subpoenas Two White Nationalist Leaders

The committee said Fuentes and Casey’s attendance at Stop the Steal rallies and promotion of Donald Trump’s “big lie” about a stolen election made them persons of interest.

Court Revives Suit Against Scientology and Danny Masterson

Lawyers for the church and Masterson argued that the plaintiffs were bound to hash out their disputes in closed-door arbitration.

This Sony 4K Ultra HD Smart TV Is at Its Best Price Ever

This 77-inch TV is packed with features like OLED contrast, Alexa compatibility, and Google TV integration.

Stanford Professor, Admin Sue School Over Son’s OD and Death

“Neither Stanford, nor the fraternity took any meaningful action,” the parents allege.

‘Pipe Bomb’ Prompts Evacuation of Federal Building

Details remain scant, but the alleged device “looked real enough” for the bomb squad to show up.

Vogue Insider Says Talley, Wintour Made Up Before His Death

“I do know they did make up, that their relationship was repaired recently,” a Vogue insider said.

Biden Somehow ‘Did Not Anticipate’ GOP Obstruction

While Biden was veep, Mitch McConnell infamously said his main goal was to assure that Obama was a “one-term president.”

My Gym Has Reopened but I’m Not Going Back—Here’s Why

The Bowflex Velocore helps me get a perfectly sweaty workout in every single time I hop on and go for a spin.

Trump’s Fave ‘Demon Sperm’ Doc Now Suggests Praying Vax Away

Immanuel became a MAGA ally for her fact-free defense of hydroxychloroquine as a COVID cure, and now she’s telling right-wing audiences to pray away the vaccine’s effects.

Driver Charged After Marines Die in Military Truck Rollover

The truck’s driver has been charged with exceeding a safe speed and misdemeanor death by motor vehicle.