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Bonus culture eroding investment

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Published on 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 encourages short-termism.

Related articles: http://www.ft.com/cms/s/0/69f2f364-e8...

For more video content from the Financial Times visit: http://www.ft.com/video

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