Effort to Rein In Pay on Wall Street Hits New Hurdle - NYTimes.com

Isn't a guaranteed bonus, just a salary?


Effort to Rein In Pay on Wall Street Hits New Hurdle - NYTimes.com:

"A guaranteed bonus might strike many people as a contradiction in terms. But on Wall Street, banks have become so eager to lure and keep top deal makers and traders that they are reviving the practice of offering ironclad, multimillion-dollar payouts — guaranteed, no matter how an employee performs"

But then the bad part:

"And it is not the only tough decision Mr. Feinberg faces. He also must decide how much overall compensation is too much, even when the pay is tied to performance, like the $100 million package that Citigroup has promised to Andrew J. Hall, a top trader."

Uh, wait, I MIGHT be able to understand issues with the form of pay, but the level of pay? Is that really an issue that the government should be involved with?