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November 9, 2009 at 7:26 AM #16627November 9, 2009 at 11:04 AM #479400sdduuuudeParticipant
The disconnect is not what banks are “allowed” to pay their people. They should be allowed to pay them whatever they want to maintain profitability.
The disconnect is that they are not allowed to fail when they pay their people too much to do things that would (without bailout money) run the company into the ground.
Take away their safety net and watch the salaries dry up.
November 9, 2009 at 11:04 AM #479570sdduuuudeParticipantThe disconnect is not what banks are “allowed” to pay their people. They should be allowed to pay them whatever they want to maintain profitability.
The disconnect is that they are not allowed to fail when they pay their people too much to do things that would (without bailout money) run the company into the ground.
Take away their safety net and watch the salaries dry up.
November 9, 2009 at 11:04 AM #479932sdduuuudeParticipantThe disconnect is not what banks are “allowed” to pay their people. They should be allowed to pay them whatever they want to maintain profitability.
The disconnect is that they are not allowed to fail when they pay their people too much to do things that would (without bailout money) run the company into the ground.
Take away their safety net and watch the salaries dry up.
November 9, 2009 at 11:04 AM #480014sdduuuudeParticipantThe disconnect is not what banks are “allowed” to pay their people. They should be allowed to pay them whatever they want to maintain profitability.
The disconnect is that they are not allowed to fail when they pay their people too much to do things that would (without bailout money) run the company into the ground.
Take away their safety net and watch the salaries dry up.
November 9, 2009 at 11:04 AM #480238sdduuuudeParticipantThe disconnect is not what banks are “allowed” to pay their people. They should be allowed to pay them whatever they want to maintain profitability.
The disconnect is that they are not allowed to fail when they pay their people too much to do things that would (without bailout money) run the company into the ground.
Take away their safety net and watch the salaries dry up.
November 10, 2009 at 10:08 AM #479881AnonymousGuestExactly– this is what Buffett’s trying to tell people: carrots and sticks. You need to have disincentives as well as incentives if you want to change business behavior.
November 10, 2009 at 10:08 AM #480049AnonymousGuestExactly– this is what Buffett’s trying to tell people: carrots and sticks. You need to have disincentives as well as incentives if you want to change business behavior.
November 10, 2009 at 10:08 AM #480408AnonymousGuestExactly– this is what Buffett’s trying to tell people: carrots and sticks. You need to have disincentives as well as incentives if you want to change business behavior.
November 10, 2009 at 10:08 AM #480487AnonymousGuestExactly– this is what Buffett’s trying to tell people: carrots and sticks. You need to have disincentives as well as incentives if you want to change business behavior.
November 10, 2009 at 10:08 AM #480710AnonymousGuestExactly– this is what Buffett’s trying to tell people: carrots and sticks. You need to have disincentives as well as incentives if you want to change business behavior.
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