When it comes to bonuses, cash trumps stock, unless you are a die hard believer in your own firm, which few people are these days. Yet, with the exception of Goldman Sachs and maybe a few others, more banks will likely be forced to pay more bonuses in stock or, worse, options. The Financial Times suggests that more creative alternatives may be in the offing. Some may tie bonuses to other measures, such as return on equity. In any case, this year will likely feature a lot of disappointed bonus-receivers. But the silver lining is obvious. Some of these firms may stage turnarounds, which would be good for the stock.  

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