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Ohh, Wall Street..
Michael considered fate at 13:06   |   Permalink   |   Post a Comment
Comment posted by Anonymous T @ 5/13/2009 9:54 PM:
Dudeguy, did you see this timely article in Slate: http://www.slate.com/id/2218091/ ?
Is it possible this is all less interesting than it seems? Sounds reasonable, although I'm compelled to disagree with "compensation committee members are . . . for the most part doing their best" if this author's data show that compensation committees are overpaying CEOs at a rate of 5%compounded yearly for several decades with no market correction. 
Comment posted by Blogger Michael @ 5/18/2009 10:14 PM:
Hard to say but, still.. Slate? Yeesh! 
Not to beat a dead horse or anything, but .. let's be honest, it still seems to be kicking. Last year Wall Street firms paid out $18.4 billion in bonuses while accepting more than $50 billion in government bailouts. If that doesn't make your blood boil, how about this:

CEOs made 344 times more the average worker in 2007, according to a survey from United for a Fair Economy, which targets economic inequality. That's up from less than 150-to-one in 1992.


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