Advertisement
YOU ARE HERE: LAT HomeCollectionsRewards

Letters

Money not the only motivator

February 01, 2009

Regarding "Thain defends Merrill bonuses amid Bank of America takeover," Jan. 27:

In the discussion of regulating executive compensation, the question has been asked: "Without the most significant of financial rewards, how will we attract the very best to occupy these lofty positions?"

The implicit assumption of this statement is that society's "very best" can perceive no higher value than the dollar. Those whom history has judged as great often came from less and strove for more than wealth. High compensation doesn't attract the "very best." It attracts the greediest.

Nate Baumgart

Chicago

Advertisement
Los Angeles Times Articles
|
|
|