An article by Klaus Schwab in Guardian UK
Given the uncertainty of the recovery and fears about the social impact of the economic crisis, it is little wonder that debate about corporate bonuses has crept back on to the agenda.
You wonder whether managers have learned from the excesses that have to a large extent caused the crisis.
Nevertheless, this discussion is superficial, as it doesn't consider the essential point: the role that companies, including banks, play in society, and the role of executives within those companies.
The bonus discussion is actually just a symbol of a much deeper transformation that has taken place in the business world. Let me outline this transformation, as it has severe social implications.
Rest of article here