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Bonus culture eroding investment

Aug 21 2012  Businesses in the UK are reluctant to invest, not just because of the poor economic outlook, but on a structural basis. Economist and market watcher Andrew Smithers explains to Martin Sandbu, the FT's economics leader writer, why changes in the way business leaders are paid encourage short-termism.  (5m 9sec)
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Produced by Darryl Thomson. Filmed by James MacDonald.
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