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Unformatted text preview: worried, however, as to the governments lack of expertise on setting compensation restrictions. Also, in companies like CitiGroup, that suffered losses, penalizing the bonuses of the executives may well cause them to leave for better paying jobs. The ailing companies may well need the bigger bonuses, and this is not being addressed by Feinberg and his ilk. The broad issue, it seems, is being overlooked. Restrictions on executive compensation will not fix the overarching problems within the financial sector, which have a basis in the need for excessive risk taking for huge profits. The government is unable or unwilling to push for a complete restructuring of the economic system, and instead is implementing restrictions on individuals income, something that may do more harm than good. Two things are clear on the issue: that something has to be done, and that no one knows yet what that something is....
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- Fall '10