http://www.nytimes.com/2009/08/02/business/02bonus.html?th&emc=thThis guy was probably part of the problem in the high oil prices of last year. He's obviously a brilliant trader and
market analyst, and knows how to profit from his talents.
On the other hand, if his current deal is for him to retain 5% of profits he generates, and the other 95% goes to repay
money lent by the taxpayers (that's us), and he's good at what he does, then I want that 95%, especially if it's 95% of
two billion dollars. The trouble is, that 5% is $100 million, and the guy is already anything but a poverty case, even
if his deal clearly states that he is entitled to his 5%. Of course, the share of the profits that he doesn't keep is
$1.9 billion, and even then, Uncle Sam gets back (theoretically, anyway) $33 million of the $100 million in income taxes.
The article sums up the dilemma perfectly:
"Still, the company is an awkward spot, and it is hard to say which is worse: the inevitable public outcry if Mr. Hall
is paid $100 million, or the risk that he might take his talents to a firm in which the public has no stake."
Now I know how the New York Yankees felt when they saw A-Rod's price tag.