" . . . the opening of Pandora's box . . . "

[skinguy]

Administration to issue new Wall Street pay curbs
By JIM KUHNHENN, Associated Press Writer
Wed Jun 10, 7:31 am ET

> http://news.yahoo.com/s/ap/20090610/ap_on_bi_ge/us_executive_pay

~ ~ here we goooo . . :sun:

[akhhorus]

Yet another kelly thread thats just reposting an article.

[csquared]

Yet another kelly thread thats just reposting an article.

Does she have opinions?

[RedskinsDave]

Does she have opinions?

She'll have to google that question to find out.

[dj_stouty]

I personally don't see a problem with their extremely high salaries....its when they get giant bonuses after their public company's stock craps the bed is when I raise an eyebrow.

I'm all for incentive programs set up by shareholders/board of directors that pay additional compensation based on many key corporate goals. Stock price should only be ONE of those benchmarks, as you don't want a CEO who is only interested in that facet of his/her company.

If they go soley after the banking sector in this regard; I'd expect to see a lot of executive talent look towards other industries. That loss of talent would be pretty damaging right now to the finanical sector.

[BostonSkins]

Compensation for all employees regardless of industry should be the same if the gov't is going to get involved. In my opinion the bonus should vest over at least 5 years, and should be around 75% equity. Then, if the deals you signed or the trades made under your watch turn bad over the life f the deal/trade there should be clawbacks. The current bonus system was too dependent on short term gains which incentivized making your numbers look better than they are.