Amid all the otherwise legitimate furor over the A.I.G. bonuses,it is refreshing ,and useful,to see the contract law framework for a good legal analysis set out by well regarded law professors such as Charles Fried of Harvard :see When Bonus Contracts Can Be Broken
Contracts Now Seen as Being Rewritable
For an update on the debate on the ability to rewrite employment contracts after signature see the NYT article by Walsh and Glater
Filed under: Corporate Governance, Droit Law, Economy and Finance, Editorials, Executive compensation, Finance et economie, Gouvernance d'entreprise, Law, Remuneration des dirigeants |
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