• 17 Aug 2009 at 1:27 PM

Mind The Cap

By

alistair_darling.jpgTaking 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.

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    Comments (13)

    1. 1
      Posted by guest | August 17, 2009 at 1:30 PM

      Don’t call me darling, Darling.

    2. 2
      Posted by guest | August 17, 2009 at 1:34 PM

      nice headline greg1 is taht an original?

    3. 3
      Posted by merkin capital partners | August 17, 2009 at 1:35 PM

      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#

    4. 4
      Posted by Anal_yst | August 17, 2009 at 1:37 PM

      They won’t be able to put a stop to outrageous bonuses when they’re paid in ju-ju-bees!

    5. 5
      Posted by guest | August 17, 2009 at 1:41 PM

      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.

    6. 6
      Posted by guest | August 17, 2009 at 1:43 PM

      Taxes – the problem and solution to all of life’s problems.

    7. 7
      Posted by guest | August 17, 2009 at 1:44 PM

      @6 please report to remedial English.

    8. 8
      Posted by guest | August 17, 2009 at 1:45 PM

      You are all invited to fellate me this afternoon.
      Dennis Kneale

    9. 9
      Posted by Anal_yst | August 17, 2009 at 2:12 PM

      @5
      http://www.powerandmotoryacht.com/megayachts/worlds_largest_yachts_2009/

    10. 10
      Posted by guest | August 17, 2009 at 2:31 PM

      hah…the andrew corvinus frigate for traders — love it

    11. 11
      Posted by guest | August 17, 2009 at 2:37 PM

      @5 – and what are they going to trade? traders?

    12. 12
      Posted by guest | August 17, 2009 at 4:47 PM

      @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.

    13. 13
      Posted by Bulging Bracket | August 17, 2009 at 6:43 PM

      Remember that Labour is a zombie government and they will enact nothing. Great sales job for moving to Toronto or Zurich though!

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