Restraints on executive pay: Attacking the corporate gravy train
The global downturn has sparked outrage over executive compensation. Only some of it is justified
Strict limits on performance-related pay at banks could also do more harm than good. One reason American business has thrived for so long is that its leaders have had a stronger incentive to perform well than those of other countries (see chart 1). Limiting the ability of financial institutions to pay sensible bonuses will simply prolong their woes. Edward Liddy, who was brought in to run American International Group (AIG) after the ailing insurer was ... Full Story »
Posted by Kaizar Campwala
If they were doing such a good job to earn their compensation then why have mom and pop been called on around the world to bail them out. These exec were more concerned with their own greed than their fidicary responsibility that they were being paid to execise.