Just how slippery is that slippery slope?

Gretchen Morgenson’s column in yesterday’s NY Times offers an interesting summary of the Executive Compensation guidelines that accompany the taxpayer’s investment in the capital markets.

A government rescue effort looks appealing in broad economic areas where a central bank fuels the capital markets and where individual investments need safeguarding. The resulting nexus it seeks with corporate decision-making about executive compensation, for example, is more ominous and does not bode well for the capitalist engine which is the heart of our economy.

The slope may look level when you’re being rescued . . . but it’s very slippery, too.

Leave a Reply