Well it looks as if there might be a new job catagory at some of the companies that are taking bailout money – that is if Sen. Claire McCaskill of Missouri has her way.
Sen McCaskill stood up on the floor of the Senate the other day, and proposed the CEO Payact of 2009. What it says is that companies that accept bailout money have to agree to a company-wide salary cap so that no executive can make more than The President of the United States which is about $400,000 a year. Also they would have to have that salary cap in place until they pay back every dime of bailout money back. After they pay it all back then it’s none of our business what they get paid but until then, their AAAAAASSSSSSS belongs to us.
A salary cap for Wall Street?!? A salary cap for AIG, Merril Lynch and Morgan Stanley?!?!?!?
I love it!!!!!! And if you are out there looking for a yob right now no matter if you are unemployed or underutilized then you should be loving this too!!!! Hey, if Tom Brady, Kobe Bryant, Peyton Manning and LeBron James have to work with a salary cap, then so should a Wall Street broker. And I can hear some of those brokers working it right now…”yeah but, they make millions of dollars just playing a game. We work our buts off trying to prop up the financial health of this country. Why shouldn’t we get paid what they do?” It’s simple genius – they all had better years then you did, that’s why!!!!!!
Now here’s my question and it concernes anyone out there looking for a yob right now. Does this mean that there will be some new jobs being created at some of thos companies? Are we going to be seeing ads in the local fishwrap or on Monster or CareerBuilder for a “Capologist”, much as the teams have to have in the NFL and the NBA? If that’s the case, where do I send my resume? Who do I have to talk to to get an interview for this “contract position”?
Come to think of it this may be a dream come true for every rotisserie geek out there who has ever joined a Fantasy Football League. Think about it, those guys have to balance rosters so that they will be competitive and not go over the league-sanctioned salary cap while they are doing it. They have as much experience working with a salary cap then any GM in the NBA or the NFL! I can see some of those guys getting hired! Can you imagine the job interviews that these guys would have to go through?
“Well I see here on your resume that you placed second in your fantasy league Kenny and you were able to stay below the salary cap. You say here in your cover letter that you were in 1st place until the last week of the season. Can you tell me what happened there?” Then he has to go through the whole painful story about how he was jobbed at the last minute because of a season-ending injury to his star reciever and his league doesn’t allow for substitutions the day of the games.
So to all you rotisserie geeks out there – start polishing up your resumes ’cause Wall Street may be calling you soon.
