kyzr
Diamond Member
First of all...what right do they have to tell anyone what they can make?
Secondly...yes they have proposed that all bank positions maintain a max salary of $500k in Congress.
Personally I don't think you or anyone else has the right to say what anyone can make.
If you are playing with your own money, I agree. As soon as you sell stock to the public, you don't get to play God. Tell me if I'm the CEO and and you are on the compensation committee that you won't give me what I tell you I want? If you don't you're gone. Same with the Board of Directors, they are all part-timers glad to get lots of money for doing very little. As an investor I'd like to see top execs get government oversight. Tell me that $500,000 a year for doing banking isn't a good salary? Every dollar over $500,000 should be paid in dividends to the investors, who actually put up the money that the execs play with.