Is Anyone motivated to join/start an anti-salary cap facebook group? After reading this article, it really annoys me.
I see no point in going into banking if this is what if you have to look forward to.
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Wow, I think that is ridiculous. What about the banks that used government money to acquire other, ailing banks? This really is an incentive killer to most executives.
Also, the rules make no sense. How can you limit the compensation of the top 25 paid employees? Does that mean the top 26 paid person can still make millions? This defies logic.
~~~~~~~~~~~ CompBanker
this is the weirdest part of it---because my guess is that the govt could say well, if the 26th person is actually being paid more than the 25 capped employees, than THEY should be part of the 25. and then you could see just a bankwide capping of pay.
The government really didn't think through the whole top 25 thing.
These caps are completely idiotic and smell of the rankest populism. Obama's initial proposal seems pretty decent by comparison.
These caps are completely idiotic and smell of the rankest populism. Obama's initial proposal seems pretty decent by comparison.
We're going to witness a mass exodus of senior talent heading to the buyside or to boutiques.
I am personally not motivated to use facebook as a way to vent my current frustration with the retards in Washington, although if facebook is your thing, go ahead.
After watching a few hours of hearings I can completely understand how this country ended up in the shape it is, these guys are absolutely clueless when it comes to rudimentary economics and the finance industry - that and they’re a bunch of spineless pussys.
This is all getting absurd. Apparently the Prince of Wales is expected to walk to South America.
http://www.dailymail.co.uk/news/article-1145127/The-Prince-hypocrites-C…
This whole vilification of people who have the slightest bet of wealth is getting out of hand.
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