In India there is a Cap on the bonuses for the board of directors. It cannot be more than 10% percent of the total profits made that year.
Is there any percentage Cap or Ceiling in the US.? --- On Mon, 4/19/10, TurquoiseB <no_re...@yahoogroups.com> wrote: Subject: [FairfieldLife] Political slogan FAIL Date: Monday, April 19, 2010, 6:00 AM Given recent stories about Goldman Sachs and its leaders' inappropriate and possibly illegal behavior: http://www.nytimes. com/2010/ 04/19/business/ 19goldman. html?hp and even more outrageous stories of it paying out 5 *billion* dollars in pay and bonuses to its employees for three months' work: http://www.huffingt onpost.com/ 2010/04/18/ goldman-sachs- bonuses-ban_ n_542006. html I think that the oft-tossed-around buzzphrase "Too big to fail" followed by a period as if were actually true needs to be changed to "TOO BIG TO JAIL," followed by a question mark. I think that the only fitting karma for bankers who have considered the fast-growing prison-building industry as a safe and stable investment is for them to spend some time taking advantage of it.
