The 2008 financial crisis led the whole world to ask questions of the financial industry. Why are wages in the financial industry so high? Are bonuses responsible for the financial crisis? Where do bonuses come from? Politicians and others urged people to believe that the crisis was the price of Wall Street’s greed and blamed the "bonus culture" prevalent in the financial industry. However, despite widespread condemnation and the threat of tighter regulation, bonuses in the industry have proven remarkably resilient. Wages, Bonuses and Appropriation of Profit in the Financial Industry provides an in-depth inquiry into the bonus system. Drawing on examples from France, the City and Wall Street, it explains how and why workers in the financial industry can receive such large bonuses. The book examines issues around incentives, morality and wealth-sharing among employees, including the rise of "the working rich" – those who have benefited the most from the high wages and large bonuses on offer to some employees. These people have achieved wealth through their work thanks to new forms of exploitation in our ever-more dematerialised economy. This book shows how the most mobile employees holding the most mobile assets can exploit the most immobile stakeholders. In a world where inequalities are rising sharply, this book is therefore an important study of one of the key contemporary issues. It will be of vital interest to those studying finance, banking or political economy.
This book is a unique history of the French Revolution - a colorful, insightful, and impassioned recounting of the events that signaled the birth of modern France and, indeed, the modern world. In the space of just a few years, King Louis XVI and Marie Antoinette descended from immense popularity and unquestionable power to a place on the scaffold. Beginning with the storming of the Bastille, the government of France went from oligarchy to near anarchy, and finally, to the formation of a republic. Along the way, the names of the major players - from Marat and Robespierre to Talleyrand and Mirabeau - were etched into the history of France as well as the rest of the world. Award-winning historian and biographer Olivier Bernier has turned to primary sources - including the correspondence of Marie Antoinette, the journals of the governess of the royal children, eyewitness accounts, and newspapers and journals of the time - to make sense of the rapid and profound change the Revolution incited. Words of Fire, Deeds of Blood is a stirring account of one of the most fascinating and significant periods in history.
This Springer brief explores the contribution of Nicolas de Condorcet in French higher education, the historical development of his work and its influence on the history of the French education system. Condorcet's educational proposals were first devised as five Memoires, which were consolidated into the ‘Rapport et Projet de Decret sur l'Organisation Generale de l'Instruction Publique’. This report has sparked debate on the subject of education in the past and lives on as a basis for ongoing iterations of plans for education by other writers. In developing these ideas and especially how they apply to higher education, this book bridges the gap between the 18th century French Enlightenment shift and the Revolution of higher education, with the advent of the Grandes Écoles such as École Normale Supérieure, École Polytechnique and Conservatoire National des Arts et Metiers. Each of these schools was represented by a specific institutionalized educational idea rooted in the works of the philosopher. This book offers insights to a wider audience in the educational thought of Condorcet, which at the time of his writing was overshadowed by Rousseau, and shows how his ideas of liberty and equality flourish in the French educational system and remain an important part in today's French academic, cultural and political culture.
On July 10, 1940, by a 570 to 80 margin, the representatives in the French parliament voted full powers to Philippe Pétain, ending the Third Republic and paving the way for the Vichy regime. Recreating the tense atmosphere of summer 1940, Olivier Wieviorka shows how pressures brought on by defeat could affect even the most hardened republicans.
The 2008 financial crisis led the whole world to ask questions of the financial industry. Why are wages in the financial industry so high? Are bonuses responsible for the financial crisis? Where do bonuses come from? Politicians and others urged people to believe that the crisis was the price of Wall Street’s greed and blamed the "bonus culture" prevalent in the financial industry. However, despite widespread condemnation and the threat of tighter regulation, bonuses in the industry have proven remarkably resilient. Wages, Bonuses and Appropriation of Profit in the Financial Industry provides an in-depth inquiry into the bonus system. Drawing on examples from France, the City and Wall Street, it explains how and why workers in the financial industry can receive such large bonuses. The book examines issues around incentives, morality and wealth-sharing among employees, including the rise of "the working rich" – those who have benefited the most from the high wages and large bonuses on offer to some employees. These people have achieved wealth through their work thanks to new forms of exploitation in our ever-more dematerialised economy. This book shows how the most mobile employees holding the most mobile assets can exploit the most immobile stakeholders. In a world where inequalities are rising sharply, this book is therefore an important study of one of the key contemporary issues. It will be of vital interest to those studying finance, banking or political economy.
This will help us customize your experience to showcase the most relevant content to your age group
Please select from below
Login
Not registered?
Sign up
Already registered?
Success – Your message will goes here
We'd love to hear from you!
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.