To counter criticism from politicians and the public, banks are dialing back on cash bonuses to their executives.
Matthew Bishop, U.S. business editor and New York bureau chief of The Economist, talks about the new bonus systems.
WNYC 93.9 FM and AM 820 are New York's flagship public radio
stations, broadcasting the finest programs from NPR, PRI and American Public Media, as well as a wide range of award-winning local
programming. WNYC is a division of
New York Public Radio.