REAL vs. PHONY QUESTIONS: BofA Pay Shift Spurs Grumbling in Davos - WSJ.com
If someone isn't worth $5 million, then why isn't there successful competition at a lower pay scale?
It seems as though every week or so banks that pay less are being taken over by the FDIC.
Somehow I can't recall anything in the legislation coming out of Washington (or Europe) to support job creating competition to these banks that are raising such rancor?
And, no one in the public seems to be asking why there isn't a way for more of the unemployed and non-employed to enter the fields of banking (after all this is roughly 21% in the US when all the figures are added up) or why somehow we don't have anyone capable of taking in deposits and making loans and doing so for - even slightly - smaller salaries?
Friday, January 28, 2011
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