Chart data from here.
Thursday, February 05, 2009
Comment on a recent report of brain drain
Yesterday, President Obama announced a $500K salary cap on executives of companies that were planning on using the bailout money from TARP funds. I immediately heard commentators on the evening radio (NPR) lamenting about a brain drain on Wall Street due to the reduced incentive structures. My view is that if these are the brains that have managed to get us into this financial sinkhole, then the right solution is to drain the place of such brains. No, we do not need brains of this nature gallivanting around Wall Street anymore. The brain drain might actually be a good thing for the nation.
Chart data from here.
Chart data from here.
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1 comment:
It was rather interesting for me to read that article. Thank author for it. I like such topics and everything that is connected to them. I definitely want to read more soon.
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