Wednesday, December 2, 2009

CEO Pay: Central Bank Chief is a Realist

The Examiner quotes Patrick Honohan, the Governor of the Central Bank, as favoring a sensible approach to the politically sensitive issue of compensation at financial institutions: "when it comes to certain key individuals with hard-to-find experience, skills and reputation, we have to be realistic price-takers and acknowledge the opportunities these individuals have in a competitive world market which still rewards these attributes very well."