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Too right Xerxs.
Heres even more of a sham:-
Treasury Secretary Henry Paulson responded that placing restrictions on executive pay could undermine the plan.
"We must have that critical debate, but we must get through this period first. Right now, all of us are focused on the immediate need to stabilize our financial system," Paulson said in the hearing.
Limits on executive pay run counter to a long-standing Wall Street practice of granting annual bonuses based on profit growth.
"It goes against the grain of the culture of the industry where people expect to work hard and take risks and get rewarded through pay for that hard work," said Alexander Cwirko-Godycki, research manager for executive-compensation research firm Equilar.
http://www.denverpost.com/business/ci_10541583
Well I guess the fokes at Equilar need to be reminded that anything reward should be equal to performance.
Non Sine Pulvere Palma
