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Perverse incentives

Shareholder value and stock options for senior managers have ruled big business since the 1990s. But they have led to costly mistakes and endless scandals
Edward Chancellor  

City slackers

When foreign financiers stripped London of its snob class, the money woke up. But to stay slick, the city needs to regain an old honour system
Edward Chancellor  

Alan’s bubble

Alan Greenspan, the second most powerful man in the US, adheres to the "radical capitalist" of Ayn Rand. But by following rather than leading the markets he has created a bubble
Edward Chancellor