It really baffles me that Wall Streets and other bank CEOs and executives are paid millions of dollars despite the current economic and financial rundown situations. Apparently the reason given was that these financial institutions got to paid top dollars to retain the top talent from leaving the banks.
It is weird though because these are the same executives who spin up all sort of financial and investment packages and loan derivatives that resulted in the current financial meltdown! Why not just let these bank executives go and let’s wait and see if they are able to strike it big elsewhere. Why worry about these executives and CEOs whose only concern are their own pocket and not the welfare of the rest of the investors?
