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Shock Tactics for Risk Takers - Abacus Consulting, financial services

February 9, 2009

Analysis of:US Plans to Curb Executive Pay for Bailout Recipients | www.nytimes.com

It will only be by such shock tactics that the pain might be remembered for generations to come to try to prevent them from acting with such irrational exuberance in the future. Where are all these disgruntled executives going to go? Who is going to pay these numbers? No shareholders are going to sit by and witness golden handshakes and 'hello' bonuses any more. Reality has to come to these people too! The old chestnut that we need to pay these exorbitant salaries and bonuses to attract the talent just doesn't wash any more. This so-called 'talent' has literally brought most of the world's leading economies to their knees.

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