Few things have captured the attention of the public as much in recent weeks as the issue of excessive bonuses for corporate executives. This discussion is being conducted in a very emotional way, driven by factors such as greed, envy and moral outrage.

Nevertheless, the discussion is superficial, as it doesn't consider the essential point of the matter—namely the role that companies (including banks) play in society and the role of executives within these companies. The bonus discussion is just a symbol of a much deeper transformation...