None So Blind . . . 0
Reuters (and everyone else) is reporting the President Obama wants to cap executive compensation at businesses receiving bail out money.
This is a direct consequence of those same businesses’ showing a level of irresponsibility, arrogance, and greed that would make the Emperor Nero jealous.
What caught my attention in the Reuters story were comments from Wall Streeters, particularly this one (emphasis added):
LAUREN SMITH, ANALYST AT KEEFE, BRUYETTE & WOODS
“There is certainly a possibility” of talent flight from the big firms to the smaller investment banks if there are compensation limits. . . .”
Go here.
Then riddle me this:
