The "foreigners" are in worse shape than we are hence I doubt they could steal ALL of the top "talent". Also, not all foreign institutions ascribe to short term incentive based compensation arrangements like we foolishly have....take Japan for instance...their executive pay is a multiple of the rank and file. That aside, it is my humble opinion that IF a company executive has no "skin in the game" (ie publicly traded stock company &/or is financed with public funds (Chrysler) then there should be caps to protect the shareholders and the public from the type of rampant abuse that played a large part in the current state of affairs we find ourselves in. Don't kid yourself...it is the executives who recruit the boards that govern them. I disagree that all executive compansation should be capped because a private concern not relying on the "dole" should be free to earn as much as they want. I rest my case.
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