Smartest Guys on an island in the middle of nowhere

Great article on the financial troubles of Iceland.

I have also mismanaged my career.  Throughout the years I have always marvelled at the idea of a guaranteed bonus.  I would like someone to explain to me how that is different than salary.  AIG is in hot water over $165M in payments for such 'bonuses' now but most big companies have them.  Read the executive compensation disclosures, they're usually highly amusing