As West Brom shows, no business model provides shelter from financial storms

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Not only has this been the worst financial crisis anyone can remember, I doubt that so many false conclusions have ever been drawn by so many from so little evidence.

Among these ludicrous lessons, some of my favourites are: that bonuses should be paid in shares or options, not cash (look at what happened to <a target=”_blank” href=”http://www.telegraph.co.uk/finance/financetopics/recession/3917584/Lehman-Brothers-collapse-How-the-worst-economic-crisis-in-living-memory-began.h…

Source: Business Listings

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