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RadioFreeG-Episode39-ExecutivePay
Manage episode 151011577 series 1011903
RadioFreeG.에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 RadioFreeG. 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
After an extended holiday break RagioFreeG is back with episode 39! Download by clicking on the link below, or SUBSCRIBE in iTunes by clicking on the show logo in the sidebar:
Today we look at the executive pay capping taking place in the United States. President Barack Obama recently initiated the process that high level executives cannot be properly compensated for their work. No one is going to shed tears over bankers having to take a pay cut, but the overarching issue here is DEADLY.
How can companies be expected to retain talent when those with talent know they cannot participate fully in the gains they create for the firm? This is terrible for firms everywhere. The consequences are dire. Oddly enough, they best example to illustrate this is not in the United states, but right here at home in Canada. Specifically, the fiasco of the compensation of the Canadian Imperial Bank of Commerce CEO Mr. Gerry McCaughey.
We have a quick recap of why the financial mess began with an explanation of Asset Backed Commercial Paper, the fundamental interconnectedness of banks through their assets, (YOUR mortgage DEBT), and finally to the extension of this economic turmoil by not adhering to the basic principle of Western Capitalism: Bad companies making bad business decisions SHOULD BE ALLOWED TO FAIL!
“Obama Targets Wall Street Excess”
“Canada’s Top bankers Taking Pay Cuts”
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Today we look at the executive pay capping taking place in the United States. President Barack Obama recently initiated the process that high level executives cannot be properly compensated for their work. No one is going to shed tears over bankers having to take a pay cut, but the overarching issue here is DEADLY.How can companies be expected to retain talent when those with talent know they cannot participate fully in the gains they create for the firm? This is terrible for firms everywhere. The consequences are dire. Oddly enough, they best example to illustrate this is not in the United states, but right here at home in Canada. Specifically, the fiasco of the compensation of the Canadian Imperial Bank of Commerce CEO Mr. Gerry McCaughey.
We have a quick recap of why the financial mess began with an explanation of Asset Backed Commercial Paper, the fundamental interconnectedness of banks through their assets, (YOUR mortgage DEBT), and finally to the extension of this economic turmoil by not adhering to the basic principle of Western Capitalism: Bad companies making bad business decisions SHOULD BE ALLOWED TO FAIL!
All the best, All for you, SUBSCRIBE,SUBSCRIBE, SUBSCRIBE to RadioFreeG!
Articles referenced in the show by Sinclair Stewart:
“Obama Targets Wall Street Excess”
“Canada’s Top bankers Taking Pay Cuts”
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