Cap CEO salaries and allowances to below 5% percent of employees´ pay bill or 0.025% of total assets, whichever is less ( See the Graphs above and crunch some number to figure out,who is making how much money) (number ON GRAPH IN 000) . Vehicle to CEO must not exceed 50% of annual salary and allowances Cap not applicable to banks in trouble, branches of foreign banks, banks having govt. So,Mr Anil k Shah will be the lowest paid CEO? Irony is Nabil Bank CEO will be the highest paid banker in the country .. Reading the headline “Central bank caps CEO perks and benefits” in this news paper ,forced me to revisit an op-ed written in 2009 by Paul Krugman, Noble Laureate in Economics. The op-ed was titled “Making Banking Boring”. In the piece Professor Krugman argues stronger regulation and salary cap in the financial industry could have prevented the ongoing great global financial debacle. He further adds caping compensation will force nation’s best and brightest people to leave t...
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