The title of this story is supposed to be....Big Banks Loose Top Talent but somehow I thought the above one was better.
I say it is about time and I foresee these other "boutique" banks and investment firms suffering the same consequences that the banking industry as a whole is going through right now. Giving People these insane pay structures and bonuses is completely absurd.
I firmly believe that any one person should not make more than 10% of any other person in the same company...but that is a dream and not a reality in this day and age.
There are some companies that are trying to do it right though by limiting compensation and bringing pay scales down to a somewhat normal level...if you can call any CEO's compensation normal if it lies above 100,000.00 a year that is.
I work my butt off and probably do 500% more than 95% of most of this "top talent" the story talks about and I am glad just to have a job.
Crisis Reshaping Wall St. as Stars Begin to Scatter - NYTimes.com
No comments:
Post a Comment