... and what about Dalal St. Idiots?

There sure needs to be rationalization of pays across the board. There should be government set norms for pay scales common to both private and public sector companies, institutions and organizations. A license raj in salary structure should be the key to a more egalitarian distribution of accumulation of wealth by both public and private corporations. Am I making sense or has Obama lost it?

It would then mark an end to:

1. fat salaries for IIM graduates;
2. fat offers to IIT graduates;
3. fat proposals for NLS-spawn graduates;
4. CXOs being traded;
5. mainstream efforts, profiteering and indulgence of the education system ...

... and our education system would then focus on creative, diverse and constructive channels of learning, not driven by vampiric accumulation of personal profit, but would be a real creator of value that would then flow into the commercial domain.



References:

Obama getting tough on 'Wall Street idiots'

Democratic Senator for pay cap on Wall Street 'idiots'

Senators propose pay caps on executive bonuses

McCaskill on corporate executives' pay: 'These people are idiots'

Obama Ally Introduces Bill to Cap Salaries of CEOS from TARP ...

Citigroup drops $50M plan to buy company jet

Citigroup cancels corporate jet