Chris Dodd wants to scrap your bonus- (March 6th, 2009)

p>(Fortune Magazine)—When Senator Chris Dodd, (D-Connecticut) crammed what he dubbed "tough new limits" on "lavish Wall Street bonuses" into the stimulus package, he may have created a bigger problem for the economy than the one he was trying to solve. The reason? His plan inadvertently rewards nonperformance and will drive talented financiers away from the companies that need them most. "There will be a flood of top performers leaving for positions that have no restrictions," says Richard Sm...