Fairness

Why Dick Bove Is Wrong About Citigroup

<" In this scenario we surely would have witnessed a mass exodus of executives away from Citi. ">

Now that is just plain stupid!!!
Where exactly do you believe that mass of executives would go? Yes, that very same mass I'm talking about, the executives who brought Citi to the current bankrupt status. Exactly. Nowhere. Not anytime soon. Who'd want them anyway, after having destroyed the mighty Citibank? That anyone would still want them is just an aberration invented by the very same executives who were robbing investors silly until now. They just found a stupid columnist to believe that BS.
Brain wash is alive and kicking dear...

Thoughts on Executive Pay Restrictions

Cutting the executive pay is long overdue as their compensation packages got out of hand, to such extent that the practice now amounts to a real conspiracy against the investors. These exorbitant paychecks are not just absolutely outrageous, they are completely unjustified. The only justification for the scandalous pay is that everybody else does it. It is time to stop it now and forever.
Restrictions on the executives

Wall Street Breakfast: Must-Know News

Recycled.
The obscene executive compensation payments are major part of the problem, as it was exposed by this financial crisis as outright fraud.
Generally speaking, no executive is worth getting paid more then the ultimate CEO, the US president.
No one, no matter how clever or educated, should be allowed to rob their employees and shareholders as shamelessly as the executives do nowadays. The irony of it is, it's all done legally, under the regulators' watchful eye; highway robbery nevertheless. That needs to stop, in the name of fairness, and in order for the investor to regain confidence in our financial structure and business concept.
Since companies cannot do it themselves, Congress needs to cap executive compensation by law at about the US president's salary level, and index it for inflation. At the very least, executive pay maximums should be tied to a reasonable multiplier of their lowest paid employees’ compensation. If we don't want people to revolt against being robbed by the government too (read heavily taxed) in order to bail out these shameless executive thieves, and keep them doing more of the same, Congress needs to act now. Not until some sort of cap is implemented, we shall see abuses and excesses disappear.