The website, www.thereformedbroker.com, claims to be an irreverent and insightful blog on Wall Street. Recently, it posted its own definitions of various financial terms. Here’s a sample:
Bonus: A form of extortion whereby employees of a company extract either shareholder or taxpayer money for their own pleasure regardless of the success or failure of the said company.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam