Taking a page out of the major US sports leagues' playbook, Alistair Darling is entertaining a proposal to install a salary cap for financial services firms. The plan, in addition to imposing Nordic tax levels of 90% on Andrew Hall type bonuses, would create a "maximum wage ration" which would effectively link the compensation of senior MDs to first year analysts. We can only hope the plan would include another US creation that would effectively communicate the typical level of disdain for such arrangements and reinforce the distinction between the 'haves' and the 'have nots'- the luxury tax.
Mind The Cap
Posted by Greg Michaels, Aug 17, 2009, 1:27pm
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Posted by guest , Aug 17, 2009 1:30PM
Don't call me darling, Darling.
Posted by guest , Aug 17, 2009 1:34PM
nice headline greg1 is taht an original?
Posted by merkin capital partners , Aug 17, 2009 1:35PM
Not wanting to raise the ire of Darling or Obama, Nicholls State has selected an appropriate mascot. The KGB will wait for no one!
http://www.dailycomet.com/article/20090731/SPORTS17/907319938?Title=Nicholls-State-revamps-mascot#
Posted by Anal_yst , Aug 17, 2009 1:37PM
They won't be able to put a stop to outrageous bonuses when they're paid in ju-ju-bees!
Posted by guest , Aug 17, 2009 1:41PM
The 'talent' should build a floating country of traders and brokers who travel the world in a giant floating luxury city with chocloate fountains, caviar sculptures and boats of russian and ukrainian hookers in tow behind it. That will show the populist masses.
Posted by guest , Aug 17, 2009 1:43PM
Taxes - the problem and solution to all of life's problems.
Posted by guest , Aug 17, 2009 1:44PM
@6 please report to remedial English.
Posted by guest , Aug 17, 2009 1:45PM
You are all invited to fellate me this afternoon.
Dennis Kneale
Posted by Anal_yst , Aug 17, 2009 2:12PM
@5
http://www.powerandmotoryacht.com/megayachts/worlds_largest_yachts_2009/
Posted by guest , Aug 17, 2009 2:31PM
hah...the andrew corvinus frigate for traders -- love it
Posted by guest , Aug 17, 2009 2:37PM
@5 - and what are they going to trade? traders?
Posted by guest , Aug 17, 2009 4:47PM
@11 - no, silly. Not the actual traders. Synthetic traders. And there will need to be synthetic trader derivatives.
The many derivatives will be tracked and combined into an index, the STD Index.
You can utilize the STD Index to follow the logical progression of the various traders through the champagne, caviar, and Ukranian hookers.
Pretty soon, the Index will become more exotic and include variants that are predictive of Dennis Kneale's Collie relationships and Jeff Macke's interludes with Greg's mom.
Posted by Bulging Bracket , Aug 17, 2009 6:43PM
Remember that Labour is a zombie government and they will enact nothing. Great sales job for moving to Toronto or Zurich though!