When do you earn too much? The not-so-new risk and reward rule

In principle, there should not be anything wrong with what you earn as long as your boss (remember: the shareholder, not the CEO) is fine with it. You produced it, therefore you earned it. A basic law of free markets and capitalism.

This understanding seemed to be in place in investment banking up to 2008. Until that year, the financial sector underwent an explosive growth underpinned by a boom in debt and supposedly risk diversification strategies and products. Value creation to shareholders was high, investors earned reaped huge profits. Employees shared a significant part of these returns through well above-the-median salaries and bonuses.

Modern society, old regime: What's the way out of the puzzle?

What is the future that awaits Iran? Even when, for now, the country seems stable and its Supreme Leader Ayatollah Khameini and President Ahmadinejad seem to have a strong grip on the country, in the medium term there might be important changes.