Senlis on 05 February 2009
| That Guy said: hrm, I like the idea of having a salary cap of 500k to executives that are being bailed out. But on the other hand, I read that 500k is WAY below market rate for a wall street CEO, so it might be too low to entice a "good" CEO to come in and fix the bank's operations. All the "good" talent will thus go and get way higher paying jobs at companies that aren't being bailed out; which of course would make the situation worse for the banks that are being bailed out. |
Exactly. The money it costs to get a good CEO in companies is much less than the money it will cost when a bad CEO makes poor decisions.
