With $500,000 salary cap, all the best bankers will walk

oh, by the way. when you screw up at work do you get a fat bonus? Greedy pack of
good ole foxs makin the corporate rounds
and rippin off investors....omg, must be OK
since they are in charge of the chicken coop.

I not only blame the CEO's but even more so the Govt for not watching. It was said before the funds were given that something should be in place so this doesnt happen.The writing was on the wall yet no one read it. Guess they didnt learn with hurricane catrina that funds went out to frauds and not to those htat deserved it. Gave anyone with a hand out money and they are doing it again? how come the average hard working american never gets a hand out? ???? just hose with money get one not those who don't..rich get richer,poor get poorer yeah were a Democracy haha.

These bankers who need in excess of 500k are whores needing to be replaced, let them walk--good luck! Go to Vegas on your own dime.

I want to move

I CAN'T DECIDE IF IT'S GOOD OR BAD...AS I WAS TELLING THE MEN'S ROOM ATTENDANT, JOHN THAIN, THE OTHER EVENING....

Don't let the door hit them in the backside. These folks should meet the same requirements they impose in their customers. Banking is showing the people two things, 1) they are not equal to their customers, 2) they have not treated their investors as equal to them.

Why should anyone worry about a bank execute that has failed at the job, would it not be better to get new blood in leadership that may not develope the same failure the tax payers are having to bail out.

Crrective action for failure is not reward. Bank execute's would fire their workers for this performance and have. Now where does the buck stop, hopefully before it gets to the top, let him earn his salary.

IS THIS ARTICLE FOR REAL? WHERE IS THE LOGIC BEHIND THIS? IT MAY BE A JOKE BECAUSE ECONOMIC REALITY DOESNT SUPPORT IT.
HAS THE WRITER REALIZED THAT THESE COMPANIES ARE NOW ON WELFARE? THEY NEED EVERY DAMN PENNY THEY CAN GET OR SAVE. WE NEED FRESH HUNGRY BLOOD AS CEOS. PEOPLE WHO ACTUALLY GIVE A DAMN. NOT THOSE RIDING THE BIG BUCKS WAVE AND DOING BUSINESS AS USUAL.
HAD TO TO BE A JOKE ARTICLE. NO ONE SANE WOULD SIGN THEIR NAME TO SUCH CRAP

There are alot of unemployed people who could do just as good of a job as these truly overpaid highly educated idiots.

Good! Let them walk! They obviously are not very good at their jobs anyway if they got us in this mess to begin with.

Clean house and find people who will do an honest job and not just try and rip people off.

Strange concept anyway of paying people to use your money to loan to other people.

Maybe the customers should be offered stock in the bank then they would have to answer to the share holders, who also are their customers.

Douglas How do you write that stuff in your article and keep a straight face??

"...it is the top 5% or 10% who make these companies really profitable, and they will soon be on their way to greener pastures..."

Bwahaha haha... "Bankers will walk..." What a laugh. Try not to let the door slam yer behinds, will ya? We need those doors still in good shape later.

Making these so-called companies "really" profitable ain't all that hard: gouge their customers to their eyeballs on blood-sucking interests/overdraft fees/late fees/inter-bank fees/service fees/other fees for all their office decors/CEO salary&pension/company parties&bashes in the Bahamas/the works ... then come to Uncle Sam & taxpayers at large crying & begging for handouts when it is discovered their games sank their own ships in the end... See, wasn't all that hard. No, sirrreeee, not with these blood-sucking scumbags of the earth!

And "greener pastures"? Where exactly?

Get it Douglas? We dont want to hear this crap anymore. Laura's correct: clean house at these banks. There are many many intelligent folks out there that could salvage the banks that the greedy have very nearly destroyed.

I hate to burst a perfectly lovely hate sentiment running rampant in the great unwashed citizenry of lower income America, but the leaders of American banks are not fools nor crooks. You equate them with the Wall Street and Hedge fund CROOKS that figured out how to get the Government via Fannie and Freddie to create a NEW SECURITY that the Federal SEC did not pay attention to.

The banking system was just fine until the brokerage industry exploded and the housing bubble burst.

The economy collapsed because the banking system is REGULATED in such a way that banks were PREVENTED from making any new loans when their capital to loan ration collapsed under the mortgage industry housing burst bubble. Blame the real estate industry, the mortage brokers, the housing builders, the land developers, and then the hedge fund manipulators....not the bank CEOs.

They are smart and mostly terribly competent at what they do...that is why they are not lending money...they are trying to perserve the ownership capital of their shareholders...which is their only job. They are not the caretakers of the US Economy...that is the Congress, the Federal Reserve Bank, the Securities and Exchange Commission, the insurance industry, and the Secretary of the Treasury.

Be unhappy all you want, but the leaders of the largest banks in the US can get jobs for millions in compensation outside of just banks...and will be snapped up immediately. See, they did not create the problem...it is just CONGRESS (Pelosi, Frank, Dodd, and Shumer) with the boy scout that somehow got to be President that want to divert the attention. And you can add Bush, Paulson, and Bernecki to that bunch. But not the bank CEOs.

Sorry, but the Obama "tough guy" crap might work for a Jr. High School Football Coach...but the US businesscommunity knows it merely to be posturing.

This Obama is so far out of his league that it would be laughable if he were not fixing to totally destroy the lives of all the fools that followed the pied piper of Chicago with his "I have a (rant) Dream" rhetoric. And the poor will be poorer and poorer with no where to go. Slavery at it finest.

Some really dumb people forget that the only taxpayers that are paying 90% of the nation's bills today, are those wealthy folks making 100s of thousands and millions of dollars in income. Without all those large salaries...who do you think is going to PAY FOR all of your bailouts and social welfare. My lord but Americans are getting stupider by the minute. You people forget about social security....no one will earn enough to be taxed, if OBAMESSIAH and PELOSIMONSTER keep on truckin!
POWER TO THE PEOPLE!

Although impassioned, Texan's remarks on who pays taxes are a bit off. The following passage comes from a recent article by CONSERVATIVE economic columist Stephen Moore for the magazine, The American:

"The latest data show that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare."

While this is certainly NOT a far cry from the "90 percent" that Texan mentions in his writings, he should be more careful before calling others ignorant for their lack of basic knowledge. Further more, I've always thought that people who resort to name calling are perhaps what Texan continously refers to the general public as...

On that note, I feel compelled to put in my own two cents. After receiving an MBA ten years ago, I LEFT the business world because it was, in fact, awash with the greedy types with whom some of the people who have posted on here seem so displeased. After another three years of school, I became an RN. It's a job I've never done for the money, but rather a love of people.

In close, why do people go into banking again? -A love of what?

NONSENSE! BANKERS ARE A DIME A DOZEN AND NONE OF THEM ARE WORTH MORE THAN $100K THE AVERAGE TELLER ONLY MAKES $9/HOUR.