06-22-2009, 05:28 AM
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#1
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All Pro Poster
Join Date: Mar 2006
Posts: 17,668
My Mood:
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Good Thing "Pay Czar" Can't Directly Control Exec Pay!!!
FT.com / Companies / Banks - Bankers? pay soars in attempt to halt exodus
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Wall Street names that have been among the most buffeted in recent months – Merrill Lynch, UBS and Citigroup – are hiking pay for their top investment bankers in an attempt to stop an exodus of talent.
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OH NO!!!! WHAT IF THE OTHER LEMMINGS GET AHEAD OF US?!??!?!?!?
LMAO!
You guys were worried that having a "pay czar" would mean these guys can't cash in any more... GET REAL.
Capitalism is alive and well and trying to figure out how to circumvent pay reporting transparency -- the only thing the Feds are even asking for -- as we speak. Rest easy. You retain the right to be bent over by a superyuppie for the rest of your days. Oh Joy!!!
PFnV
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