1. QUOTE from:
    Wall Street Speaks Out: Langone, Gutfreund, Ryan on Pay Cuts for Bankers
    View quote in context »
    If I needed neurosurgery, I would want the finest doctor I could get, no matter what I had to pay for it.” "These people are thinking like they are bureaucrats, or academics, or whatever the hell you want. Look at their track record in business. If a guy like Jack Welch were making these decisions, or Larry Bossidy, or Bill Gates or Warren Buffett, I’d buy it." “The long and the short of it are the same: It’s unprecedented. Full Article at Bloomberg.com
    These people are thinking like they are bureaucrats, or academics, or whatever the hell you want. Look at their track record in business. If a guy like Jack Welch were making these decisions, or Larry Bossidy, or Bill Gates or Warren Buffett, I’d buy it.
    SOURCE: Bloomberg.com 1 month ago
All quotes from:
Wall Street Speaks Out: Langone, Gutfreund, Ryan on Pay Cuts for Bankers
  1. When you go to the government and ask for money you shouldn’t be surprised to see them trying to set policies and salary. My opinion is, pay it back as soon as you can so you are not under the thumb of the Feds.
    SOURCE: Bloomberg.com 1 month ago
  2. I think this is political. It has nothing to do with economic issues. Politics and economics have never mixed successfully.
    SOURCE: Bloomberg.com 1 month ago
  3. Every time the government gets in and tries to do something, there are a lot smarter people out there in the private sector -- they are a lot more nimble -- the tax lawyers, the executive compensation consultants. They will find 10 ways around it in 10 minutes and it won’t be pretty. It will end up bein...
    SOURCE: Bloomberg.com 1 month ago
  4. The government has said they’re going to revamp the financial regulatory regime and I think pay is an area that gets a lot of headlines and it gets a lot of outrage when politicians talk about it.
    SOURCE: Bloomberg.com 1 month ago
  5. If they really follow up on this, it’s a major historical event and it will have vast consequences.
    SOURCE: Bloomberg.com 1 month ago
  6. They are probably just jumping on the bandwagon of the pay issue.
    SOURCE: Bloomberg.com 1 month ago
  7. The long and the short of it are the same: It’s unprecedented. As far as I know, this has never been an issue.
    SOURCE: Bloomberg.com 1 month ago
  8. If this is the beginnings of getting into a broad-based thing where we are going to just start regulating pay, then we aren’t too far away perhaps from having controls on pay and we had those with (President Richard) Nixon in 1973. They were an utter disaster. After about 15 months, the whole thing coll...
    SOURCE: Bloomberg.com 1 month ago
  9. I think most people would prefer not to hear this and just watch them go back and get some stronger regulation.
    SOURCE: Bloomberg.com 1 month ago

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