The Feds decided to punish the top 25 executives ( soon to be expanded to 100) of banks and related institutions where TARP money has not been repayed. The rationale -- excessive bonuses rather than pay for performance.
The Bank of America, among others say their staff will be raided and move on to greener pastures where compensation and stock options are more lucrative.
What is really fascinating here, is that there are quantifiable measures by which these execs get paid. So often, we determine an employee's performance, along with many of their peers, by completing rating sheets al at once, on a weekend afternoon, with the key criteria being " what did the employee do for us lately"... I challenge you -- look for the data, puruse the documentation, check out your interview notes with co-workers and customers (aha- there usually aren't any).
Yes, the Feds have a difficult balancing act determining a compensation program for Wall Street. Let's do our part and develop quantifiable performance measurements that can be understood by employers and employees

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