Sunday, January 24, 2010

Wall Street Pay, Part 37

For those of you who can't get enough of the whole Wall Street pay kerflooey, there's a really good cover story in this week's Barrons Magazine.  Go here.

The author's basic point is that, yes, these guys are paid too much, but it's the job of the companies and their Boards of Directors to make the call, not the U.S. government.  But at the end of the day, it is a good thing for shareholders if pay is reduced.  I agree, over time.  But until it all gets sorted out, the questions are likely to create a drag on stock prices.

A good read. I recommend it.

No comments:

Post a Comment