The Sunday Telegraph London, April 9th, 2006
Is a compensation culture a good thing? Obviously the answer depends on whether you are compensating or being compensated. Many of the 25,000 investors offered only 49p in the pound to cover their losses in the split-cap debacle last month will be thinking our compensation culture is not functioning well enough.
But there are some split-cap "victims'' who have been handed a profit out of the fiasco because their investments have bounced back from their low level at the time the compensation deal was fixed. One financial adviser says a client is pounds 20,000 better off after being awarded com...
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