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This is silly. It's the shareholders paying the CEOs, not the government. If the shareholders are happy with management (and they should be, as JPM and GS are
by simon_ 17y ago
This is silly. It's the shareholders paying the CEOs, not the government.
If the shareholders are happy with management (and they should be, as JPM and GS are the undisputed winners of the crisis), then why shouldn't they pay them competitively?
It's easy to argue that Blankfein and Dimon are adding much more incremental value than they take in compensation. So everybody is incented to pay them enough to keep them...