Idiotic it sure is ... well unless a retrospective cap is not on the table, there is no use of devising a plan without teeth that can bite. All private sector remunerations need to be regulated, under and by a Remuneration Regulation Commission in public interest.
Reference:
Goldman, JPMorgan Won’t Feel Effects of Executive-Salary Caps
Reference:
Goldman, JPMorgan Won’t Feel Effects of Executive-Salary Caps
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