ResourceWise

Credit Crisis Sharpens Anger Over CEO Pay

I like the argument that you have presented though I don’t agree with the remedies. Capping salaries and benefits, and/or deploying punitive taxes will not only destroy innovation and enterprise, but will also stoke corruption – misuse of corporate resources. However the current system is rotten to the core, where insiders pick the pockets of the public and call it capitalism! It needs some serious decontamination.

A fresh regulatory framework that creates transparency for all players in the markets is an absolute necessity. Congress needs to invest some quality time in building a new integrated framework as well as creating an independent regulator that has authority over all market participants. They also need to coordinate regulatory efforts with rest of the world to minimize arbitrage.

Meanwhile as the system deleverages, we’ll just have to grit our teeth and keep our fingers crossed.