This is a REALLY STUPID IDEA..........Originally Posted by pontooner
As soon as the economy starts to rebound, these guys will BOLT for the first decent opportunity, leaving some serious gaps in senior management at a lot of financial institutions.
Look, I HATE the fact that these guys make what they do but the MARKET will pay what the MARKET can pay...........when you infuse government into the equation, you start creating an ARTIFICIAL CAP, which will either be broken, or good talent will leave.
When the good talent bails, and moves to greener pastures, that will leave holes, which may be VERY HARD to fill. Who wants to take a job at CitiCorp for 500k, when they can apply at Bank of WHATEVER and make 1, 2, 3, or more millions.........
Executive pay makes up a very little amount of the bailout money that has been used.......
Yea, it MAKES me sick.............
Later,
Geo
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