U.S. Bank Execs Should Fear British Invasion

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February 16, 2009 4:35 am
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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.

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