Wall Street Journal, September 27, by Phred Dvorak
http://www.wsj.com/article/SB122246504168980147.html
“I don’t think we can rule out the structure of executive pay as a causal factor of the meltdown,” said Mr. Fried. “A lot of the pay was based on bonuses based on year-to-year earnings.” That short-term focus caused short-term thinking, he argued.