Comments on: EU bonus lesson: self-regulate or worse follows Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: trek53 Wed, 27 Mar 2013 18:10:54 +0000 I agree with the sentiment that bankers may be over-paid. I also agree that self-regulation has not worked. And, lastly, I agree that the end result has been top-down (over) regulation.
Where I disagree is your premise that there should in fact be self-regulation. At least with respect to pay and other internal financial matters. It may be a naive or ‘purist’ view, however whether it is self-regulation or governmental fiat, surely ‘capitalism’ will dictate whether matters of pay etc have added value (or not) to a company’s bottom line and net worth. Does everything need such regulation, sectoral or governmental? Surely when it comes to internal matters such as pay, there is no place for either.
And certainly no place for the clamoring of the mobs, or governments pandering to the flavour-of-the-day. Leave it instead to those who have actually invested in a company to determine such issues; they are no one else’s business.