Americans Still Support Pay-for-Performance

Filed under: Citigroup Inc. (C)

The lack of public outcry or protest regarding bank bail-out recipient Citigroup Inc.'s (C) decision to allocate million-dollar pay packages to top executives, albeit in stock, not cash, should not surprise investors.

That's because, historically, the American people have never supported restricting individual bonuses or large compensation plans. The political science and public policy literature is voluminous on this subject -- I've worked with the data for more than 10 years -- and the stance over the years of the American people has been clear: high compensation -- base salary or bonus -- is o.k.

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Americans Still Support Pay-for-Performance originally appeared on BloggingStocks on Thu, 07 Jan 2010 17:30:00 EST. Please see our terms for use of feeds.

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