France's Sarkozy says won't accept "crazy" bank pay
EVIAN, France, July 6 (Reuters) - French President Nicolas Sarkozy warned on Monday against a return to the "crazy" pay practices that were current in banks before the financial crisis.
"These crazy remuneration levels -- the more you speculated, the more you were paid...we won't accept it," he said in a joint press conference with British Prime Minister Gordon Brown. (Reporting by Estelle Shirbon; editing by James Mackenzie)
© Thomson Reuters 2009 All rights reserved
Wall St meets "The Sopranos"
Details of an alleged insider trading ring read like the script of a mobster drama, full of coded nicknames, disposable cell phones and paranoia about informants. But in the end, all of the precautions were for naught. Full Article
