Big Jack58

Pay Bankers Much Less

As long as we have a capitalistic economy, top talent will follow top pay. So not paying will almost always lead to underperformance. If we don't want taxpayer dollars funding top pay for top dollar then we should not have supported the bailout. Are the former heads of Bear, Wachovia, WAMU, Countrywide, etc going to receive top dollar in 2009? My personal preference is to enact a performance based pay for bailout CEAs. If these CEOs can pay off the tax payer debt at the earliest dates (remember, the Feds structured these bailouts to prevent early payment prior to 3 years), they should receive a bonus. I believe every board should follow a performance based pay, but that is another topic regarding the inefficiencies of corporate boards, large institutional shareholders that don't hold equities for longer term and therefore, don't vote from a strategic view, and financial CEOs who tend to be older and not willing to risk their compensation based on their performance.