One of the most asinine comments I heard today and trust me, I heard a ton, was the comment from our new President that Wall Street must show great discipline in paying themselves exorbitant bonus's.
Hey, this is America. Let management pay them whatever they want, apparently they MADE the money why not PAY them the money. Since when do we have government officials dictating Wall Street pay?
If any company gets federal bail-out money then that is a different horse of a different color.
Outside of that let compensation reign.
That's capitalism.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, growing up in the poorest county in the U.S. on the Pine Ridge Indian Reservation, he began a Wall Street career in 1982. Always been, will always be, an optimist. In a world on a dopamine binge, this is his take on life from Ghost Ranch in MT, Pamelot, his TN farm or their home in San Jose del Cabo, Mexico.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment