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Legal Abandonment
Lawrance G. Lux — ... Simon Johnson seems to have the correct grasp of the activity of the financial sector, which I could possibly extend to the entirety of the corporate world. Financial innovation is the basic term utilized for the Trend of expanding the Risk for Investors, for the advantage of corporate managers. The Trend first appeared in the late 1970s, and began to roar in the 1980s; not really reducing withing the Period since. Corporate structure is run for the benefit of corporate managers, no one else. Bonuses are given for every Gain to Everyone, except Investors. Stock Options are given ...

Further reading
FT Alphaville — Elsewhere on Monday, - If HBOS and RBS had gone under the FSA could have turned off their cash machines . - Why friendliness isn’t insider trading. - How turnout at shareholder meetings has increased during the crisis. - 9.7 per cent is ugly ( but not quite as bad as it looks ). - Good finance gone bad? - Have we learned nothing from the financial crisis? - Waiting for the death of the Chicago school . - How the early oil industry is the original Silicon Valley . - Further, further reading .