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Reply #98: So i wonder what kind of tricks these guys will use to try and get around this limit... [View All]

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cascadiance Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-04-09 01:44 PM
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98. So i wonder what kind of tricks these guys will use to try and get around this limit...
Perhaps hop jobs to a different bank and try to get $500k from each one of them? Perhaps they in an oligopolic frenzy will come up with a "job trading" program between different execs to be able to inflate their salaries.

Either that or they work part time for the bank for a year, and work part time for another business that doesn't have these salary restrictions.

You can predict that these bums will try some stuff like this to work around this if it gets made in to law. Ultimately we need a more universal rule on executive compensation, or update our top marginal tax rates so that there's "no escape" for them.

And Obama's anti-trust team should also see if any games like this violate our anti-trust laws if it starts getting used too.
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