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I have a brother that is a successful bond trader. When he was a young buck, he griped that he and the other traders would bust their asses all year, and at the
by tasty_freeze 2y ago
I have a brother that is a successful bond trader. When he was a young buck, he griped that he and the other traders would bust their asses all year, and at the end of the year each division would be allocated some pot of money based on how well their division did at generating profit. It was entirely at the discretion of their boss not only how to split the pot among the traders, but how much to keep for himself. The unfairness!
35 years on my brother has been that top boss for awhile. And now, you see, the world is a meritocracy: both those who have everything and those who have nothing are getting what they deserve. What a great way to salve any remaining pangs of conscience over being on top and not needing to worry about those with nothing.