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Wall Street’s Brain Drain Defense
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In response to the claim that pay caps will mean losing talent, some experts from the banking industry and some veterans say that in addition to there not being many alternative jobs, and the need to lower their sights like everyone else for bankers, it will result in losing those who are in banking for the money and keeping those who love the work. The other thing veterans in the banking industry pont out is that if the industry loses some of the older people there will be younger people who will be eager to take on the responsibilities.
Reward systems, moral fabric, ideas of responsibility, and the functioning of the system that governs economic activity in America.
05/13/2008
Media hype that promotes bubble behaviour, retention payments andd bonuses for executives, a general deterioration across the board at all levels and in all parts of society of the idea of responsible behaviour and morally acceptable behaviour, and how this corrodes the whole fabric of the system that governs economic activity in America.
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