Mark Hines

Why Capping Pay Is Likely to Work

Hi Felix,
Thanks for the excellent timely article, and I like your take on the subject. I think this cap is just one more move closer to making all of these big banks entirely owned by the government. I cannot see any way for companies to attract top talent on only $500k per year. These C-level execs are usually extremely smart, have exceptional experience, and an incredible work-ethic. I just don't see top talent working for $500k per year when they can make so much more elsewhere. What we'll be left with is huge banks run by government... there is basically no way they'll be profitable, and it will end up increasing the national debt.