jdavid

Why Capping Pay Is Likely to Work

It is incentives that have gutted the equity, no? All this nonsense about how tens of millions of dollars are necessary to encourage managers has made me tired. Does the head of a University need to make millions? Respect is what they work for. Does the head of the Federal Reserve, the most powerful bank in the world, make millions?

Nope. Respect and acclaim is their desire. How about Paulson? He used to make millions. Would he rather have that money now, or respect?

Our financial geniuses need to step up to the appropriate rewards for a genius; acclaim and respect.


On Feb 04 11:23 AM Think! wrote:
> If you drain the talent, then these organizations will truly be brain-dead.
> That is the problem. Removing all employee incentives will produce
> corresponding behavior. Equity (how Sr. Mgt and even the rank and
> file has been receiving the majority of its compensation for the
> past few years) has been gutted.
>