• 26 May 2009 at 10:36 AM

Compensation Crackdown ’09: Your Mission, Should You Choose To Accept It

By

Is to beat this (which you have to admit, is good):

Companies seeking new ideas for pay practices could also take a look at National Rural Utilities Cooperative Finance Corp, a non-profit cooperative based in Herndon, Virginia, based that ties employee bonuses to the company’s credit rating.

Novel Ideas Surface For U.S. Banks’ Executive Pay [NYT]

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Comments (19)

  1. 1
    Posted by guest | May 26, 2009 at 10:40 AM

    Sick and twisted. I like it.

  2. 2
    Posted by sugardaddy | May 26, 2009 at 10:42 AM

    Will this apply to congress if the US loses its AAA rating?

  3. 3
    Posted by guest | May 26, 2009 at 10:48 AM

    @2- yes, that’s only fair.

  4. 4
    Posted by guest | May 26, 2009 at 10:51 AM

    Big Swinging Hick

  5. 5
    Posted by guest | May 26, 2009 at 10:51 AM

    Good job 2

  6. 6
    Posted by guest | May 26, 2009 at 10:52 AM

    Would rather see employee compensation tied to the retail price of crack. You really don’t need to be getting excessive bonuses if the crack is cheap.

  7. 7
    Posted by guest | May 26, 2009 at 10:54 AM

    @6- now we’ve got ourselves a ballgame!

  8. 8
    Posted by guest | May 26, 2009 at 11:02 AM

    Too long; didn’t read.

  9. 9
    Posted by Joseph di Jersey City | May 26, 2009 at 11:04 AM

    So their incentives lead to piling up cash and not lending. And they’re a non-profit. Yea, that’s a model that will fix everything.

  10. 10
    Posted by wcburrs87 | May 26, 2009 at 11:05 AM

    Way to go! My bonus is determined by an idiot hundreds of miles away who has knows little more about my company than it’s balance sheet and historically has been incredibly wrong!

  11. 11
    Posted by guest | May 26, 2009 at 11:05 AM

    @5 – I had a very nice weekend. Sorry for your loss.

  12. 12
    Posted by sugardaddy | May 26, 2009 at 11:08 AM

    Hey while they are at it, just suspend trading until prices are where they want them to be.
    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoa.motM58Ns

  13. 13
    Posted by guest | May 26, 2009 at 11:12 AM

    Get back to work, W.C. @10 !!!
    ~Your “Idiot” Boss Who Uses “Observe IT” software.

  14. 14
    Posted by wcburrs87 | May 26, 2009 at 11:18 AM

    @13 I never called my boss an idiot – I called the ratings agencies idiots…please read more carefully 13.

  15. 15
    Posted by Investorcluzo | May 26, 2009 at 11:38 AM

    given that the rating agencies are paid by the issuers, seems to be like a virtuous circle to me…where do I sign up?

  16. 16
    Posted by Anal_yst | May 26, 2009 at 1:22 PM

    Compensation schemes should be set by a bottle of whiskey and a dartboard, that’s only fair

  17. 17
    Posted by guest | May 26, 2009 at 1:24 PM

    The grabbing hands, grab what they can.
    Everything counts in large amounts.

  18. 18
    Posted by guest | May 26, 2009 at 2:17 PM

    it’s a competitive world

  19. 19
    Posted by guest | May 26, 2009 at 2:46 PM

    So, when the credit agency slaps a AAA on my “cow structured” deal, I’ll be rich? Great, I’m ready for the big time.

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