Whitney Calls Pay Wall Street’s ‘Motivating Factor’
“No one goes into Wall Street to save the world,” Whitney said today in an interview on Bloomberg Television. “Compensation is the motivating factor.” … The failure to pay employees well may drive away “the best and the brightest,” Whitney said.
Well, if the “best and the brightest” got us where we are today, imagine what the mediocre could do.
Regardless, where are these disaffected geniuses going to go in this economy? Back to school? Engineering? Teaching jobs? These all seem like fairly good outcomes.
