Erin McKean, a lexicographer writing in the Boston Globe, gives us a dictionary tour of today’s corporate capitalism and its private jargon that lights up a few interesting dark alleys. “The Word” of the day is “bonus” (as in “Bonus reduced”). For example: …major financial institutions continued to pay massive bonuses to executives despite losing even more massive amounts of money. Last year Merrill Lynch essentially collapsed, but still paid almost 700 executives cash bonuses of more than $1 million each. (Boston Globe,...
