Banking CEOs Deserve a Christmas Malus

I was scrounging through old bookmarks recently when I rediscovered World Wide Words, Michael Quinlan's online newsletter of unusual words. His current edition features "malus," a word that ought to be more common in American business given the disastrous mismanagement of many companies: Though malus isn't in any general dictionary that I've consulted, it's also a fairly common term in the world of banking, insurance and contracts. A malus is the opposite of a bonus -- you might call it a ... (read more)