Steal the talent? How talented can these executives be if they are driving their companies to financial ruin? Foreign institutions can steal all they want from this talent pool and watch their companies go down the toilet too.
I bet there is plenty of great talent out there willing to take a paltry half-million per year to run these faltering companies.
This may be just the trigger that is needed to bring down the compensation levels for the most senior executives in the financial industry, which have become ridiculously inflated over the last few decades.
Just because it doesn't apply to all companies, doesn't mean we shouldn't do it. If competitors to the bailout companies want to pay their executives the same old outrageous compensation packages, they will have to answer their shareholders, employees and customers.
