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HomeThe Wall Street Oligopoly Rails on Compensation Controls
Posted by Larry Doyle on October 22nd, 2009 3:48 PM |
Is there a hotter topic currently on Wall Street than compensation? I have to admit, I have a range of emotions on this issue.
I pride myself on being a proponent of free market capitalism. As such, while the government needs to be actively involved in regulating the marketplace, beyond that I would just as soon see Uncle Sam stay out of the way. One may think I would be vehemently against the Wall Street pay czar Ken Feinberg getting involved in compensation on Wall Street. The Wall Street Journal reports on the far-reaching net cast by Uncle Sam on this issue and writes, U.S. Unveils New Rules on Banker’s Pay. Rest assured, the crowd on Wall Street right now is seething. Let’s navigate.
As I think more and more on the compensation topic, I have come to the following conclusions: (more…)
