Pay Limits in Stimulus May Cause Brain Drain, Industry Says

[Warren Stupidity]

Source: Bloomberg

Feb. 14 (Bloomberg) -- New restrictions on executive pay at U.S. banks receiving federal aid may cause talented managers to flee to hedge funds and foreign-owned banks, say critics of the measure.

The limits, championed by Senate Banking Committee Chairman Christopher Dodd, were tucked into a $787 billion fiscal stimulus bill approved yesterday by Congress. President Barack Obama plans to sign the measure early next week.

The provisions go beyond the $500,000 cap announced by Obama last month, by restricting bonuses for senior executives and next 20 highest employees at companies that receive more than $500 million from the Treasury Department’s Troubled Asset Relief Program.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=agRC0._CfuBY&refer=home

---

OHNOES!!!!11!1 the geniuses that gave us this disaster might flee to, um, er where exactly? Buh bye.

[SharonAnn]

1. Perhaps that's good. These may not be the brains we need.

[tabatha]

3. Took the words out of my mouth.

Please --- let those brains drain away.

[KakistocracyHater]

78. yes I thought the same

what brain drain, when they didn't use them legally anyway? They broke the law & used "paper tricks" to cast the illusion of success.

[liberalmuse]

29. My first thought. Let some other country deal with these greedy, self-serving a-holes.

We don't need 'em.

[ShockediSay]

104. a-holes were exactly the kind of 'brain drains'

I had in mind

[Quantess]

107. BRAINS!

[justinaforjustice]

117. What Countries? What Hedge Funds?

Thanks to the Bush-Cheney cabal's economic policies, most of the other countries in the world are in the same or worse shape than the U.S. is. Hedge funds are tanking all over the world. These "brains" are the one's that drained the value out of every economy in the world. I doubt very much whether these brains are going to be welcome anywhere. We need to get rid of these ivy league crooks and put a few high school graduates with A averages in charge. I'm sure they will make more sensible decisions than the "brains" did, and at a fraction of the price.

[djp2]

57. They can have my brains

and I'll only charge 1/10th of what they have been paying. Couldn't do worse than they have...

[conspirator]

96. FUCK EM. Finance is a parasite industry. These managers are either spoiled rich daddy boys,

that didn't get their job for merit, or white collar criminals using their brains to steal as much as they can.

[ShockediSay]

114. There was a reason for usury laws

Simply stated: too much is too much

Reason they are pretty much off the books:
It's the lobbyists stupid

[ProgressiveProfessor]

2. They may just change the compensation package from mostly bonus to mostly salary

Its not like they are really going to cut the salaries...

[tabatha]

5. I thought it was general compensation.

[ProgressiveProfessor]

67. Hard to get a solid report on this from the media and the pontificating on CSPAN is not helping

[Siwsan]

4. Where the heck will they drain to???

Maybe I'm missing something, but aren't most financial institutions, world wide, in a similar situation??

[avaistheone1]

86. ...the bottom of a cesspool.

[DJ13]

6. Where ELSE would they go?

If all the companies in that industry have the same pay restrictions then they have no choice but to man up and accept pay limits.

[shireen]

7. oh noes!

the brainless will be drained to leftover hedge-funds and foreign banks where they'll suck the life out of new prey.

The IDIOT who made that statement in the first paragraph has no idea what the real world is like ... this new restriction will attract talented HONEST RESPONSIBLE managers.

[Skink]

8. H1B's stand ready.

[avaistheone1]

90. lol

[RUMMYisFROSTED]

111. Something has gone horribly wrong when I'm laughing at an H1B joke.

[treestar]

9. Oh so they're going to outsource themselves, eh?

:rofl:

good riddance!

[dkf]

10. Yeah Hedge Funds. I'm sure that is where the money is flowing to. NOT.

[bluestateguy]

11. Oh God, the whining from them is going to be deafening

There is a simple way for them to avoid the pay limits: don't take government welfare.

You take our money, you follow our rules and STFU.

[Runcible Spoon]

12. bwahahahahahaha!

Fuck letting them drain, FLUSH THEM!

[eShirl]

13. sometimes an abcess needs to be drained

[GentryDixon]

25. As disgusting the thought, you nailed it!

[Vinca]

14. They can hire me for a half million a year.

I guarantee I can kill a business or bring down a bank as well as any of these executives and probably a whole lot faster.

[CitizenPatriot]

15. Where are all of the patriots?

I remember being told not to take my money out of the market because it was bad for America....so I was supposed to lose money for America (which I did), but these bankers can't make a sacrifice for America?

You know, safes are looking better and better.

[HopeHoops]

16. OMFG - What will we DO without top talent skilled at the fine art of destroying the economy???

[Overseas]

98. I agree! How ever will we survive without those who lost trillions for us?

I'm willing to take my chances.

And while we're at it, let's shift the remaining bailout funding into infrastructure projects, and those poor execs who have earned giant pay packages for decades can join the throngs of millions of our other unemployed citizens competing for those new jobs.

[Jackpine Radical]

17. BRAIN fucken drain?

Flight of the geniuses?

I prefer to think of it as the diaspora of the psychopaths, and I dearly long to see it happen.

[bemildred]

18. Don't let the door hit your butt on the way out. nt

[OKNancy]

19. Does it really take a lot of brains? Serious question

I've know a lot of MBA-types and some of the smartest don't make the most money ( by choice).

[jkappy]

20. the British Doc. drain to US did not help us or hurt them n/t

[L0oniX]

21. Let them all go to China and see how well they do there.

My bet is that if they did the same thing there, we would be buying their body parts for transplants.

[CLANG]

38. Good one! And so true...

[JVS]

44. CHINA WOOOOOO!

:headbang:

[wellstone dem]

22. Just so the folks who have a soul remain.

That's all I care about.

[SurfingScientist]

23. No, it will move many smart, ambitious people into actually _productive_ industries.

Drying out the fertile swamp of finance will force those who care about steep careers and big paychecks to look into OTHER industries - those that actually produce something: goods, services.

The financial industry sits on top of the actual economy, and is ridiculously overinflated given that all we really need it to do is transport and store money: not producing anything, it has made money from creating value out of thin air, like medieval kingdoms raising road tolls. It has for decades offered an opportunity to make quick and easy money, and has hence attracted a large fraction of our smart, driven and ambitious people. Whatever drives them - ambition, greed, entrepreneurship, striving for independence, responsibility, the thrill of risk - will still be driving them once finance becomes less attractive, and will drive them into other activities - hopefully industries that create jobs for main street, make goods and services for main street.

Regulating banks to the point where they are merely the keepers of money's waterways, making banking boring again, would be a great idea.

[w4rma]

47. Your analysis is perfect, SurfingScientist. Thank you for your ability to communicate it. (nt)

[fujiyama]

118. Good post

If they're so damn smart, let them actually go into an industry which produces something of value. An actual tangible good for once.

[shadowknows69]

24. Ok, I'll take the job

As bad as these fools fucked up, how hard could it be?

[Turbineguy]

26. This is the standard argument

These people are not paid for performance, they are paid for their shamelessness in taking money from those who actually earn it.

[MrPerson]

27. I know of a shovel their hands could fit.

[rocktivity]

28. But it's the brains who created the crisis

They should be replaced anyway--especially if they think they should be rewarded for NOT turning a profit.

:headbang:
rocktivity

[Autumn]

30. Good I hope it does,

those people should be gone.

[CLANG]

31. Oh BOO Fruckin WHO - and the horse they rode out on

[MichiganVote]

32. Yeah...cuz' the rest of us in this country are just so damn dumb.

Brains bullshit.

:mad:

[metapunditedgy]

33. The smartest people I know earn nowhere near $500K. Sorry, but the talented

people are the ones working behind the scenes while the execs scoop up all the cash.

What goes for "smarts" on Wall Street, we can all do without.

[truthisfreedom]

34. Good riddance to bad rubbish. They financially ruined our country...

Let them work for Russia.

[DRoseDARs]

35. Did anyone else read that as, "Pay Limits in Stimulus May Cause Brain Damage" ?

For a moment, I thought this was going to be an Onion thread until I opened it and saw I read the title wrong. :durrr:

[CLANG]

39. Ha! That's EXACTLY what I did a double take on!

[boobooday]

36. You mean the brains who drained us?

Let 'em go.

[UpInArms]

37. Phil Gramm: Recession Is "Mental," America Is "Nation Of Whiners" (VIDEO)

http://www.huffingtonpost.com/2008/07/10/mccain-adviser-americans_n_111857.html

In an interview with the Washington Times, McCain's top economic adviser Phil Gramm tells America to suck it up and stop complaining about the economy:
"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."

"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.

Gramm, whose extensive ties to Enron proved problematic during the firm's implosion several years ago, was serving as a lobbyist for the international banking and subprime mortgage giant UBS until April. As Mother Jones documented, Gramm played a key role in the subprime meltdown during his time in the Senate.

Just yesterday, McCain himself said "I would imagine that we are" in a recession. But he and Gramm are still on the same page: in April McCain said "a lot of our problems today are psychological."

[CLANG]

40. Gramms political irrelevance is guaranteed by that video

[Odin2005]

41. What brains?

Those highly-pair "brains" with MBAs got us into this mess into the fucking first place. Just because you are intelligent doesn't mean you can;t be greedy, evil, and incompetent.

[llmart]

61. And let's not forget......

we had an MBA Pretzeldent for the last 8 years and look how smart he turned out to be with regard to the economy. That idiot was lucky he could wipe his own ass without calling in someone to do it for him.

[NorthCarolina]

42. Brain Drain? BRAIN DRAIN!! There's a laugh and a half.....n/t

[Still Sensible]

43. Fine. Looks like we sure could do well to dump these

"brains" and find some new ones to run the banks and the financial industry, no?

[w4rma]

45. Flee! Please flee! Go away and don't come back! We don't want their kind here. (nt)

[kiranon]

46. Don't think their experience will be a plus on their resumes.

Who would want to hire them? They need to get real. The worth of an M.B.A. has seriously declined. Don't believe economists are in much demand either. Could have done better with a crystal ball.

[GoddessOfGuinness]

48. Foreign owned banks?

The ones that are so healthy?

What part of "global recession" don't these guys get?

[murielm99]

49. Most of us have noticed all the bank foreclosures lately.

It seems that many of the people in these banks have lost their jobs or will lose them.

I have a feeling that some of the people from smaller banks lost their jobs due to decisions that were made by people higher up. Maybe some of these people are bright and talented, and have some good ideas about how to fix things. They might be willing to work for less than $500,000.00 per year. They might be glad simply to have jobs.

[Mz Pip]

50. Oh, bullshit.

If any company is stupid enough to hire any of these bozos then they get what they deserve.

They are lucky they aren't out on the streets with the thousands of their employees who are now jobless due to their incompetence.

[dysfunctional press]

51. don't worry- the lawyers will find a way around it...

the bank execs will still be able to get the kind of monetary compensation that they feel they deserve.

[tclambert]

52. Not to worry, tapioca drains slowly.

Perhaps it should be a condition of the bailout that these particular financial brains must leave the financial industry and never work in it again. Not ever.

[Texano78704]

53. LOL!!!

They totally fucked over the financial system here in the US. Where are they going to go? China? LOL!

[Kittycat]

54. "Talented" As in Talented in Running Companies in to the Ground, and

Deceitful business practices?

[undeterred]

55. Because money is the only thing that motivates people to work.

And we all know that the people that get paid the most work the hardest. :sarcasm:

[The Hope Mobile]

56. There's been a "brain drain" in every other industry during or because of the Bush yrs

Why not this one? These guys got plenty fat off that hog . . . not too worried about them. Maybe we'll get somebody with integrity next time!?!?!

[mbperrin]

58. You mean the kind of brains that Keynes is talking about?

The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.

John Maynard Keynes

The real sin is the last - IT DOES NOT DELIVER.

Like any swamp, these brains NEED drained!

[Odin2005]

69. Wonderful quote from the economist the Corporatists love to hate!!!

Keynes was 100% correct then and he is 100% correct today.

[varelse]

59. Stupidity got us into this mess

why can't it get us out? :silly:

[dbonds]

60. Because companies really need to keep leaders that drove the company in the ground.

[PM Martin]

62. This is good.

Seeing that these are the brains that caused the
disaster, it would help in the recovery if they
left.

[Capt13]

63. Like they were doing such a good #!%* job in the first place.

[nolabels]

65. LOL, the only difference between the bankers and those in penitentiaries is that.........

is that bankers get nurtured at the tit of the Federal Reserve. A brain drain of narcoleptic bankers to China would be a good thing

[Xipe Totec]

64. Buh Bye!

Go fuck up some other industry.

[disndat]

66. There are plenty of the finest brains

in the country who would be willing to work as CEOs in the banking industry for straight salaries.

[WoodyM]

68. Where I worked for so long

these people would not be a “brain drain” but would be a “brain flush.”

[OwnedByFerrets]

70. Let those fuckers go. And good riddance. Dont let the door hit you in the ass.

[TXDemGal]

71. Don't let the door hit 'em

where the Lord split 'em, is what I say. Let these so-called "brains" be drained to wherever they will go. The country's institutions will be better without their greedy paws on the wheels of power.

[Lugnut]

72. Awwww. What a shame.

:nopity:

[wickerwoman]

73. Then don't take the f`in money!

Presumably if they were that smart, they wouldn't need federal funds to dig themselves out.

[shellgame26]

74. There are plenty

of brilliant minds with fresh new ideas graduating from colleges every day that will be willing to take a CEO salary of $100,000 a year. And they probably won't run the company into the ground with their $1400 waste baskets like those "geniuses".

[antimatter98]

75. Someone's getting a laugh here. Brain drain? More like perp drain. n/t

[aquart]

76. And when we stop laughing... "BRAIN DRAIN"????

Yeah. They were the smartest guys in the room.

[Jim Sagle]

77. If these jags HAD any brains, they wouldn't need a bailout. And if WE had any brains,

we'd shut the bailout down.

[Left Coast2020]

79. Nationalize the friggin Banks

Joseph Stiglitz: Nationalized Banks Are "Only Answer"
http://www.truthout.org/020609R
Deutsche Welle: "Nationalized banks are the 'only answer,' economist Stiglitz says. In an interview with Deutsche Welle, Nobel-winning economist Joseph Stiglitz talks about nationalizing banks, the outlook for developing countries, and the need for an international financial regulator."

[babylonsister]

80. Your OP is spot on. This is a non-issue, and not only ridiculous, but

beyond dumb.

[wroberts189]

81. OMG HAHAHAHAHAHAHA !!!!! good one... KNR

they are still trying this bs?

That dog don't hunt anymore Mr CEO


amazing

[burrowowl]

82. Who would be stupid enough to hire them?

The CIA to bring down 'enemy' countries?

[girl gone mad]

83. Thanks for the laugh!

[snot]

84. Am I the first to say, GOOD RIDDANCE, AND WELCOME TO 'EM???

Pls by all means go get yourselves hired in China.

[Confusious]

85. Foreign owned banks

and corporations don't give out cash like candy as American companies do. Japan Airlines CEO 200,000 a year I think?

Lets see them go.

[krispos42]

87. They relentlessly pursued regulatory changes to maximize profit...

They did so by relentless and expensive lobbying for the relaxation or elimination of rules designed to prevent mergers and aquisitions of the financial sector, as well as various, formally separate segments of the sector.

Either they believed it wouldn't blow up, which makes them stupid failures, or they knew it would but figured on bailing out of the market and/or government bailouts when it did collapse, which makes them sucessful failures.

In either case, they are of a mind-set that we cannot afford to have running the financial "industry" of this country.



Ultimately this always happens. When your motive is profit... when you are legally required to make as much profit as possible, you only have as many morals and ethics as you can afford to have. And when you are a massive corporation with hundres of billions of dollars in annual revenue, you can afford damn little morals and ethics. This is made far worse by lackadaisical enforcement.

Everybody involved did what was in the best interest of the company's profits. That's the problem, not the solution. If an executive says "Hey, we're not going to do this profitable action because it affects the long-term financial stability of the country", he or she gets booted because the competition DOES do the act and makes millions or billions more than the executive's company.




I always thought the example shown in A Beautiful Mind was an excellent illustration of this priciple.

[onager]

88. Talk about an idle threat!

...talented managers to flee to hedge funds and foreign-owned banks, say critics of the measure.

Oh, you mean those totally unregulated, Vegas-like hedge funds...that were among the first businesses to collapse when the subprime mortgage shit hit the fan? Or "foreign-owned banks" like the Bank of Scotland, which seems to have all the "talent" it needs right now?

Look around the internets and you'll find a great CBC documentary, "Mortgage Meltdown."

It starts with the collapse of an Australian hedge fund, then traces the story back to those subprime "products" the banks pushed so aggressively.

Great documentary, much like a good detective story. And since it was produced by Canucks not beholden to American companies, it is brutal in telling the truth.

One segment shows Wal-Mart power-shoppers, while the narrator says something like: "Many people bought homes they could not afford, used them to acquire home equity loans they also could not afford, then spent the equity on wide-screen TVs and SUVs..." Etc.

[Lithos]

89. Is it just me, or....

Has the used car industry seen an upsurge of respectability since the start of the Bush years? Seems rather coincidental that the banking industry started it's last major precipitous decline around that time when the used car industry started losing its worst features.

Let them go back...

L-

[FreeStateDemocrat]

91. Just as likely it may not, who is going to hire them?

[BR_Parkway]

92. Anyone seeing anyone outside the industry saying this? Of course

the people affected are going to say it.

Good riddance to bad crap. Quit and do us all a favor

[ProfessorGAC]

95. Good Point

And i'll bet the tellers and accountants that work there aren't saying it either.
GAC

[Rebellious Republican]

93. So where is the down side to this? N/T

:shrug:

[ProfessorGAC]

94. What Talent?

They keep saying they want to retain the talent. There's been no evidence of talent.
GAC

[morningglory]

97. What brains? Like Madoff's brain? Puh! nt

[mitchum]

99. Those finance parasites are why I refused to get all misty eyed on 9/11

[SOS]

100. Updated headline: "Pay Limits in Stimulus May Cause Lamebrain Drain, Industry Says

nt

[BlueIdaho]

101. Because there are soooo many other jobs with 30 million dollar bonuses? nt.

[DCKit]

102. K&R for the most sympathetic thread EVAH!!

Yeah, let them go ruin the foreign banks and take down the remaining hedge funds.

Don't let the door hit you in the ass on your way out, scumbags.

[sutz12]

103. I wish there was a way...

to make them leave the money behind when they go.

:shrug:

[Lost in CT]

105. The Jokes just write themselves nowadays don't they. nt

[ProudDad]

116. Beautiful!

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[hyphenate]

106. Some of those brains should be drained

It's obvious not one of them helped prevent their banks from going belly up, and the 18 billion dollars that already went to some of those smug-faced bastards could have been better spent on the poor bastards who are losing their jobs, IRAs, 401Ks, and even their lives. I don't give one good goddamned fuck for any of those assholes who are fucking whining. We've seen so many criminals in this country running off with other people's money that we can't even see what they've done to our country and ourselves.

[Turbineguy]

108. This is a load of crap.

There are plenty of talented and smart people working in other fields for less than $500,000 per year.

[radfringe]

109. a day without pay

There have been several stories about workers giving up a day's pay in order to save jobs of fellow workers. They didn't have to do this, they weren't "required" to do this by their employer - they recognized that these are tough times for all and were willing to help each other - even when it means losing a day's pay.

Wall Street were handed gazillions of dollars of our TAX money (it's our money as Bush and NOPE party has told us many times) - yet every day we read about bonuses or other extravagant spending by these fat cats. They whine that without the "bonus" they will be unable to retain "good people".

Where are the sacrifices by the Wall Streeters who greatly contributed to this mess?

.......just asking

[harun]

110. They say that like it is a bad thing.

[olddad56]

112. These brains are criminal brains, I'll take my chances with honest morons

[Waiting For Everyman]

113. High salary does not equal high intelligence.

That is a false premise from the gitgo. In fact, in our society it's more that the opposite is true. We reward mediocrity, a total lack of ethics, and nepotism or arbitrary "connections". If we were a meritocracy, most of the too-highly-paid would be unemployed, and most of the unemployed would have good-paying jobs.

Buh bye. The pigs at the top are no loss. I have no doubt they'll be easily replaced - at normal salary levels.

[ProudDad]

115. And where, pray tell, are these "brains"

The very ones whose Ponzi schemes bankrupted the country, going to GO???

F*ck 'Em...

[Javaman]

119. And being laid off is better?

so being without a job and no pay is better than having a job with pay? (regardless if it's not what your are accustomed to)

oh the spin, the spin...

[tom_paine]

120. Don't let the door hit you in the ass on the way out, Bushies!

[tabasco]

121. HAHAHAHAHAHAHA HAHAHAHAHAHA HAHA111111111!!!!!!!!!!!!!!!!!

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA


HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!

AIN'T THAT FUCKIN' RICH???!!!11!!

[No Elephants]

122. They were highly skilled at keeping their jobs, being dramatically overcompensated and

flimflamming the investing public. I am just sorry we have to prop them up AT ALL.

Don't worry about them though, they'll still find ways to structure their compensation so that they are overpaid.