24 April 2009

We Need to Be More European

Because the EU is proposing a cap on executive compensation:
Bankers’ bonuses and golden parachutes would be capped in all European Union countries under a draft policy circulating in Brussels that amounts to one of the broadest responses yet to concerns about executive pay.
No BS about, "If you participate in this program, you are limited," it applies to everyone.

They are saying, "Just so much and no more never more than a spot or something may happen, you never know what."

Even if the bankers were doing a good job, that level of remuneration is immoral, whether its a lawyer or a football player.

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