Saturday, July 25, 2009

An link to an article on the effects of disclosing the salaries/bonuses of high-earning workers in the City



a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzud4PhyOUCCGFsOsImSfwUWvjqpM-ruLFm9Bq8hcyGVflmlBvJCwyTwndJPM7PQlk_8VCLPFfKRlwyzskl7gwCkW4qXhH4_mJ7qQS3qYjBxR78mPXJveaqHWi7EmAbKowXQ3O-DhBZUQ5/s1600-h/arrogant.jpeg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 125px; height: 88px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzud4PhyOUCCGFsOsImSfwUWvjqpM-ruLFm9Bq8hcyGVflmlBvJCwyTwndJPM7PQlk_8VCLPFfKRlwyzskl7gwCkW4qXhH4_mJ7qQS3qYjBxR78mPXJveaqHWi7EmAbKowXQ3O-DhBZUQ5/s320/arrogant.jpeg" alt="" id="BLOGGER_PHOTO_ID_5360966180319083474" border="0" //abr /An article on FlipChartFairyTales a href="http://flipchartfairytales.wordpress.com/2009/07/18/curbing-bankers-pay/" muses /a on what the effects would have been if the regulators had been bold enough to insist that banks publish the salaries, bonuses and perks of their top earners. It seems that they wouldn't have minded what the public at large thought - it seems there is a sufficient amount of arrogance and detachment for them to avoid thinking about this. However, it would have had an interesting effect in terms of shaking up their psychological views of status and hierachy vis a vis one another. They would know, for example, that they earned 25% more than person X working in another firm and 25% less than person Y in a third firm. This would have had a psychological effect on their social interactions with one another.div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/38622711-6030363217422489050?l=vinospoliticalblog.blogspot.com'//div

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