The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.headdesk headdesk headdesk.
It's not your business! Stay the hell out! Go! Shoo!
Repeat this after me: ANY employee's financial compensation at ANY private business is not the affair of the federal (or any other) government. It is between the board of directors, the management, and shareholders of the company. That's. It.
Government officials said their effort, which is just beginning, isn't aimed at setting pay or establishing detailed rules. "This is not going to be about capping compensation or micro-management," said an administration official. "It will be about understanding what is the best way to align compensation with sound risk management and long-term value creation."I call BS. Sound risk management practices and long-term value creation are the purview of management and the board. That's. It. The government is never, ever, ever involved in creating "long-term value" of a private business. Why is this so hard for people to understand?
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