More Madness

MORE MADNESS                                        

Capitalism is an insane society, but we doubt if you could get better proof of its craziness than the following news item. ''Bill Gross, the "Bond King" who stunned Wall Street when he left his job as chief executive of the world's biggest bond business, is understood to have taken home a $290 million bonus last year, even as Pimco was preparing  to give him the boot.' (Times, 15 November) The report goes on to mention that Mr Gross's bonus came in at 5,684 times the median US household income of $51,017 last year. RD