Here’s an interesting item to think about in the debate over executive-compensation limits. A British politician is now calling for bonuses at bailed-out banks to be limited to £2,000, the amount typically received by low-level bank tellers.
At current exchange rates this is equal to $2,854.30 — less than 1% of the cap that Claire McCaskill has advocated over here, and for which she’s been either praised or reviled as a populist lefty.
The British pol who is calling for this: David Cameron, leader of the Conservative Party.
