Banco Popular de Puerto Rico

Congratulations to Robert (or Elizabeth) on starting a blog. Now if only the header was as cool as EBN's ...

How much talent does it take to bring an entire industry down?

If not a salary cap, how does Mr. Rayner suggest we hold accountable the execs of companies that are using tax payer money to bail them out? Mr. Rayner's argument might have some legitimacy, but does he have a better answer?

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.

These greedy executives ran their companies into bankruptcy, begged for a bailout, then squandered our tax dollars on vacations, bonuses, raises and furniture. If the foreign banks want them, let them have them. There are plenty of qualified people out there who will walk into their jobs for $500,000...

I disagree that there will or may be an exodus of the "best and brightest of our financial geniuses",since few countries pay bonuses at that level.

I'm not so much in favor of capping executive compensation as much as I am in favor of executive compensation consultants/boards giving honest advice. The head of Merril Lynch said last fall they had to pay huge bonuses or executive talent would leave. Really? How many employed financial investment...

I agree that there should be caps on the exec pay when the government is helping in the bail-out situation. If they want more money than they should work for a company that is stable enough not to need assistance from the government. Don't you think that the "HIGH SOCIETY" levels are what's putting this...

I do believe that executive compensation has grown beyond where it should be compared to other rank and file employees but I have to wonder what hat the $500,000 mark was pulled out of. In the short time it took to pass this bill was there any thought given to the effect of the cap other than it looked...

I disagree that executive should be capped anymore than a union autoworker or steelworker's pay should be capped. Let the free market influence such dynamics instead of some socialist belief. If we change one end then everyone including the highly overpaid bankers, lawyers, politicians and union workers...