{"id":2071,"date":"2009-12-03T07:11:26","date_gmt":"2009-12-03T15:11:26","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=2071"},"modified":"2009-12-03T20:22:42","modified_gmt":"2009-12-04T04:22:42","slug":"once-were-no-longer-a-government-bank-well-be-able-to-hire-a-decent-businessman","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/once-were-no-longer-a-government-bank-well-be-able-to-hire-a-decent-businessman\/","title":{"rendered":"Once we&#8217;re no longer a government bank, we&#8217;ll be able to hire decent leadership"},"content":{"rendered":"<p>The basic premise of government oversight on compensation is that the owners (or <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703294004574511223494536570.html\">some academic with apparently zero experience<\/a> in the real world of business) can shovel any old thing they wish with regards to pay, and businessmen just have to eat it.\u00a0 Ken Feinberg is running into <a href=\"http:\/\/hodakvalue.com\/blog\/?p=1971\">practical problems<\/a> in applying this philosophy.\u00a0 <a href=\"http:\/\/finance.yahoo.com\/news\/Lifting-of-pay-restraints-to-apf-3441034844.html?x=0&amp;sec=topStories&amp;pos=9&amp;asset=&amp;ccode=\">This article shows the real life consequences of such a malformed premise<\/a>.<\/p>\n<p>So let&#8217;s spell it out one more time:\u00a0 What one pays affects the kind of people you get; how you pay them affects the decisions they will make.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The basic premise of government oversight on compensation is that the owners (or some academic with apparently zero experience in the real world of business) can shovel any old thing they wish with regards to pay, and businessmen just have to eat it.\u00a0 Ken Feinberg is running into practical problems in applying this philosophy.\u00a0 This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2071","post","type-post","status-publish","format-standard","hentry","category-executive-compensation"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=2071"}],"version-history":[{"count":5,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2071\/revisions"}],"predecessor-version":[{"id":2075,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/2071\/revisions\/2075"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=2071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=2071"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=2071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}