The Paycheck

Here's something to ponder. The big banking and investment companies are whining because of the limits on the amount of pay they can offer potential candidates. Since they took bailout money, there is a limit on CEO compensation. They are whining because they are saying they can't get good candidates if they don't have a good compensation package. The trouble with this argument is that we have clear evidence that shows that even when you pay CEOs gobs of money, they still do a really crappy job. So why do they think it would work this time? Here's an idea, pay people a reasonable about of money for doing good work. Now wouldn't that be nice?