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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (192238)3/20/2009 6:13:22 PM
From: stockman_scottRead Replies (2) | Respond to of 306849
 
Why would top talent in the future ever go to AIG or to traditional Wall Street Banks that are dependent on TARP/taxpayer funds...?? These firms all have CONgress watching over their shoulder and taxing the heck out of any performance bonuses...Top talent will go to the elite Hedge Funds, Proprietary Trading Funds, and some Private Equity Funds --- these firms are all private and will always be subject to much less Congressional oversight...They can truly pay for performance if they want to.



To: geode00 who wrote (192238)3/21/2009 12:24:27 AM
From: energyplayRead Replies (1) | Respond to of 306849
 
I think we have very different ideas of the effect of money on career decisions.

>>> " Plenty of people get paid average salaries yet still go to jobs in teaching, research, the arts, public service, etc. " <<<

Yes, and many of them do an average job.

>>> " I don't think you get a significantly better surgeon for $10 million/year as you get for $200K/year especially if there wasn't the overhang of medical school bills. As for big malpractice insurance bills, they only affect about 2% (so I read) of medical costs plus they go down when doctors stop committing malpractice AND they treat their patients with respect. " <<<

I expect both you and I prefer smart people to 'nice' for things like medical care and piloting aircraft. The smart people are nice enough.