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Open Letter In Defense Of Dresdner Kleinwort Bankers

'Here Is The City' expressed some scepticism about the legal claims currently under consideration by some bankers over at Dresdner Kleinwort in respect of the 'variable' element of their compensation (ie their bonuses), so you may be interested in the views of one who is involved.

Northern Trust CEO Tells Barney Frank To Shut It

An emotional, ill-thought out letter sent to Northern Trust CEO Frederick Waddell by Barney Frank, Chairman of the House Financial Services Committee, on the subject of The Northern Trust Open got the response it deserved. Waddell simply told Frank (politely) to get back in his crib, and get his facts straight.