Bailout Details Streaming In
One plan under consideration would release $250 billion immediately, with another $100 billion available at the discretion of the president.
They also said that there would be limits on pay packages for executives whose firms seek assistance from the government and a mechanism for the government to be given an equity stake in some firms so that taxpayers have a chance to profit if the companies prosper in the months and years ahead. - New York Times
By limiting pay for executives, doesn’t that mean that the more competent executives will work elsewhere for a better salary while the firms who really need the help are stuck with the inferior leadership?
Yes exactly! The talent market is a market like any other. The best talent will migrate to the best pay. Why can some people not understand that? Or are we going to start mandating where people can and cannot work next too?
Source: soupsoup
