Executive Compensation

< Previous Next >

February 06

President Obama and his treasury secretary announced this year a cap compensation of $500,000 for Wall Street (if it still survives) executives who work at those financial institutions that took TARP (Troubled Assets Relief Program http://en.wikipedia.org/wiki/Troubled_Assets_Relief_Program) money from US government. I was shocked by the low number. The ever haunting question is - how can we retain the most talented people where they are most needed? How competitive a $500,000 salary is compared to the millions of dollars compensation scheme provided by financial institutions that do not need TARP money?

8:00 AM | Blog it

Comments (4)

To add a comment, sign in with your Windows Live ID (if you use Hotmail, Messenger, or Xbox LIVE, you have a Windows Live ID). Sign in

Don't have a Windows Live ID? Sign up

	Ji QIwrote: They are not necessarily the most talented, they are simply the most fitted to the greedy industry Feb. 6
	Bibichaos Woowrote: I guess that most of the people could be a CEO for a company, since it is the easiest thing to be a head/officer. 疑似李鸿章说过，当官最容易：多磕头，少说话。 Feb. 6
	Lingwrote: The problem is how to attract the most talended people to these distressed institutions - $500,000? That's not gonna happen. Feb. 6
	Bibichaos Woowrote: "the most talented people" had destroyed the Wall Street, even shocked down the whole world... they deserved it! hiahia... Feb. 6

Trackbacks

The trackback URL for this entry is:

http://plymockingbird.spaces.live.com/blog/cns!F51A073796FF13B2!970.trak

Weblogs that reference this entry

None