Talent Drain

Obama's 500k salary cap could prove to have some interesting consequences. Traders, bankers and managers won't be thrilled when they see their next paycheck and many of them will likely flock to companies without the cap. Now the banks will be forced to deal with retention as well as recapitalization. So far, I'm unsure what to make of this announcement, so any comments are welcome. We'll just have to wait and see how it plays out.