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(CNBCE)International Programming, DMA: 0 Oct 23 2009 2:16PM EDT
and city that still making of dale winston points out that his recent history is one of portable talent people go where the money is fast making her skeptical bank of america and other firms and that his horse to watch and keep the people they need to turn their companies around and that's actually fear occurred from some of bankamerica's arrivals as well they say you know we all like a healthy bank would be the best possible situation out of that anyone could slow their recoveries in their little concerned about it to swell even brothels . a lot of issues in here mary thompson thinks so much . any act as executive compensation has become a reality what will happen at the top talent of the tart things under these restrictions will these companies suffer a huge tower lost and we're not here now is george davis ceo practice group a and e guns and very international an executive search firmly outside christian weller a senior fellow at the <highlight>center</highlight> for <highlight>american <span st</highlight>yle="background-color:yellow"><b>progress</highlight> an associate professor of public policy at the university of massachusetts boston based in albany rejoining us . i'm george is in a phone is bringing off the hook your search firm who is calling what opportunities that they're looking for . and of two ways our clients are looking for the best talent available and right now some these are institutions are fighting with one that ... one arm tied behind their back from what they can't compete would be ... the other institutions at the same time there's you know this is all about 8 8 plus talent and a plus talent knows that they're having ... restrictions against them and that they can go elsewhere and i used to have to like tried really hard to get in front of them another calling us just saying hey what's out that chris and you believe that's right . well i believe that there certainly there's a competition here but the question dad i have to ask for a public policy perspective this is what lott matter in the end and done and ankle and quite frankly we're talking about the same talent . that got us into the financial mess in if they leave the banks will lead ultimately change the behavior of the things it probably caught in and then i think that's especially where the emphasis from ken feinberg but also from been burning he has been one of from a public policy perspective from where it was there are risk taking a decent top talent people have while engaged in men and that may have been that take . talent pool a soviet and the sexual desire and . actually chris and i got to crack you because you say it's the same people got us into this mess but we need to look any ig that robert bennett say they just brought him and yet he's about the 3rd guy in charge since this all began he's somebody didn't get a lot more money anywhere else but as a taxpayer you know we'd like to see minute to turn around the company's solid off so that possibly we can get our investment back as the taxpayer and unlikely is going to be going to have a news see out there as well i mean you know that and that's also place receives but when he had it not . but that argument is not to overdo the top executives as the other top traders about people who have been actually with the energy throughout the crisis where there before the crisis started . ... i don't think the overarching theme here is that we've paid and the enormous bonuses enormous compensation package of last ten years on and what we've got a parade is low investment slowing productivity growth and incredibly risky behavior it doesn't define the crisis state clearly what public policy experts with ken feinberg in denver 19 saying is the game has to change ... we'd have to reduce or . taking and we actually have to have a better balance of the shareholder interests and the cost of the economy in the interests of men of . if we drop the old guy that we won a clerk for all their talent as we think the old that's a terrible they got us in this mess in the 1st place our ads as some . he goes into putting people in new positions can you get a good new people in the day at aig at these institutions ad campaign this impact . but he's an all time great people but the trick is is not to paint all top talent with a broad brush saying that the goddess and the mass they are different people at different institutions are doing just great problem however there is that decisions about this i got in trouble its dose of great talent that is i hate taking off and that's the ones that our clients are out recruiting and putting into the jobs so it's no it's 0 so it's it's that it's a situation by situation no basis . yeah i know i agree with georgia in a new look of other industries will have some say the alliance forces to look at something like southwest a look at airlines where people are doing really well but they're not in their compensation packages or anything here .
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