[ReverseEngineer]

There are rumours flying about that in the banks and Insurance companies and Automakers recently Bailed out by the Goobermint, Executive Compensation will be Capped at $400,000.

$this->bbcode_second_pass_quote('', 'O')ne Democratic senator on Friday even proposed a law that would prevent bank executives from making more than $400,000 a year while they receive government financial support.

[cipi604]

Of course you realize... this means war!

[xerces]

$this->bbcode_second_pass_quote('ReverseEngineer', 'T')here are rumours flying about that in the banks and Insurance companies and Automakers recently Bailed out by the Goobermint, Executive Compensation will be Capped at $400,000.

$this->bbcode_second_pass_quote('', 'O')ne Democratic senator on Friday even proposed a law that would prevent bank executives from making more than $400,000 a year while they receive government financial support.

[ReverseEngineer]

$this->bbcode_second_pass_quote('xerces', '
')$10M/year range is for mid level executives like Managing Directors. Any C-Level execs of major banks/Hedge funds would be rewarded closer to 100 million a year. This move is extremely unwise since it would drive out the best talent into non government controlled economic sector.

[vision-master]

$this->bbcode_second_pass_quote('', '$')10M/year range is for mid level executives like Managing Directors. Any C-Level execs of major banks/Hedge funds would be rewarded closer to 100 million a year. This move is extremely unwise since it would drive out the best executive talent into non government controlled economic sectors. For example, waves of laid off IBanking Analysts and associates are all trying to migrate into the Law, Consulting, Marketing and Technology sectors right now. We can expect their bosses to do the same after this government edict passes.

[basil_hayden]

$this->bbcode_second_pass_quote('xerces', ' ')This move is extremely unwise since it would drive out the best executive talent into non government controlled economic sectors.

[xerces]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('xerces', '
')$10M/year range is for mid level executives like Managing Directors. Any C-Level execs of major banks/Hedge funds would be rewarded closer to 100 million a year. This move is extremely unwise since it would drive out the best talent into non government controlled economic sector.

[jamest]

While I'm not certain that the proposed cap is the remedy, it certainly is true that reform of the compensation system is needed, and the people in the financial services industry won't impose it on themselves.

You don't see this type of compensation in other major financial centers in the world. This is a phenomenon unique to the American culture of excess, and it's intolerable.

[lawnchair]

Salary cap? No.

A return to FDR/Truman/Eisenhower/JFK's 90%+ marginal tax rates on income over what would be a million today? Yes.

That kind of income tax seriously encourages you to build a company with which you can draw a steady mid-six-figure salary for twenty-five years. Not "rape the system for a $400 million bonus, then golden parachute out".

[JoeW]

$this->bbcode_second_pass_quote('xerces', ' ')waves of laid off IBanking Analysts and associates are all trying to migrate into the Law, Consulting, Marketing and Technology sectors right now. We can expect their bosses to do the same after this government edict passes.

[Novus]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('xerces', '
')$10M/year range is for mid level executives like Managing Directors. Any C-Level execs of major banks/Hedge funds would be rewarded closer to 100 million a year. This move is extremely unwise since it would drive out the best talent into non government controlled economic sector.

[ReverseEngineer]

$this->bbcode_second_pass_quote('cbxer55', '')$this->bbcode_second_pass_quote('xerces', '
')Consulting
Law
Marketing/Product Development
Energy (Conventional+Alternative))
Technology

[Daphne64]

FYI the senator is Claire McCaskill of Missouri.

http://www.kansascity.com/637/story/1010370.html

[jasonraymondson]

Ideally there should be a cap.

Ideally it should also be to each according to need and from each according to ability or some crap.

If there is a minimum wage there should be a maximum wage, everything in excesss should go to insuring the growth of the country, hospital care for all, education, utilities, roads...

We should do our best and be willing to sacrifice hummers and giant sale boats for the sake of each other and humanity.

An organization should be created for the sole purpose of determining the most important issues (roads, bridges, power grid...) and we should be repairing those have fallen in disarray, and then continue on.

We will never do this though, because humans are greedy, selflish asshats.

[ReverseEngineer]

$this->bbcode_second_pass_quote('jasonraymondson', '
')
We will never do this though, because humans are greedy, selflish asshats.

[jasonraymondson]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('jasonraymondson', '
')
We will never do this though, because humans are greedy, selflish asshats.

[Denny]

It is interesting to see history repeating itself in this regard. See "Historical Trends in Executive Compensation", a paper presented at the University of Chicago.

"Revelations regarding executive pay first occurred during World War I, when railroad corporations became managed by the federal government and the exorbitant salaries of railroad officers were exposed. Public scrutiny intensified during the 1920s, when the compensation of railroad and banking executives were published in the popular press. By the early 1930s, the controversy surrounding the level of pay had extended to executives in all businesses. As the economy slipped into the Depression, the nation became increasingly troubled by the “lavish stipends and bonuses” accruing to the managers of large public corporations."

It showed, in real terms (measured in year 2000 dollar buying power), the typical Dow Jones index type company executive compensation jumped six-fold between the 1950's and today. From a median $840K per year to $4.25 million per year.

[nobodypanic]

i have a better idea... just 'cap' every one of them, with lead.

[sealteam1]

glade to hear it. America has no more great leaders woth 400k . They are all re hashed white boys with sudo college educations that smoke dope. Lets all round up these yuppies and set um on fire.$this->bbcode_second_pass_quote('ReverseEngineer', 'T')here are rumours flying about that in the banks and Insurance companies and Automakers recently Bailed out by the Goobermint, Executive Compensation will be Capped at $400,000.

$this->bbcode_second_pass_quote('', 'O')ne Democratic senator on Friday even proposed a law that would prevent bank executives from making more than $400,000 a year while they receive government financial support.

[Ludi]

$this->bbcode_second_pass_quote('sealteam1', ' ')sudo