LJ, I don't know. However, there's a whole lot of people in our so-called "elites" - not just in finance, but right across the board - that are ridiculously overpaid.
I'm not just talking about the crooks, the rule-benders, and rule-breakers. I mean the non-performers.
Look at Ford, GM and Chrysler, with their hands out (again) for government-assisted loans. They've offshored thousands of jobs, and still can't produce competitive vehicles.
Meanwhile, Toyota comes to North America, employs the same workers that The Big Three "can't work with", and year after year, outdoes the competition. At a profit.
Why? Management.
We've got boardrooms full of old fogies, each accompanied by a personal clique of MBA toadies, heads full of Merton and Scholes, and not a lick of grounded common sense among them all.
Their specialty? Being treated and paid like rock stars, as they drive companies at 90 miles an hour, down a dead-end street.
Jim |
