All Posts Tagged With: "executive salary"

Capping Executive Pay An Answer to Banking System Woes?

By revamping the banking sector’s compensation system, and creating a salary cap of $500,000 for the top executives at institutions that accepted federal bailout money, new U.S. President Barack Obama could be launching a reform movement that helps make the American financial system worthwhile to invest in again.

For the last 30 years, Wall Street has had a problem with its remuneration system. Base pay was only around $150,000 even for a partner/managing director – not enough to live on for senior Wall Street bankers with a Manhattan lifestyle – while bonuses were 10, 20 or even 100…

11Feb2009 | Money Morning | Comments Off | Continued

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