Washington Post: Bonuses no luxury for some Wall Street Workers

Washington Post: Bonuses no luxury for some Wall Street Workers

January 31 2009

Although many people might say good riddance to any defectors [unhappy with their compensation], executive compensation consultant Steven Hall argues that taxpayers should want banks to retain the cream of the crop given the federal government has become a shareholder in so many banks.

“The reality is good people will always be able to get a job someplace else if they are unhappy, Hall said.  “So do you want to own stock in a company that is filled with people who can’t get a job anywhere else?”