9/13/2003

NYSE's Grasso gets $140 mil + and people are pissed...... They think a regulator shouldn't be paid that much. True. A regulator who gets $140 mil per year is going to protect his cushy job and is likely to let the big fee payers slide. On the other hand if you pay a regulator $7.50 per hour minimum wage you are going to have one pissed off envious dude who will bust everybody who makes $7.51 cents an hour and up. Somewhere between $140 mil per year and $7.50 per hour there is a happy medium. Isn't there? We have to have a wage high enough to immunize a person from bribes, but not $140 mil.

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