What has Wall Street learned about the 2008 fiscal bailout?
They learned that money can be printed faster than their executives can spend it.
THAT, however, is not what they are teaching.
Do they practice what they preach? No. When the 'money supply' increases it devalues to actual value of the printed currency. What does that do? INFLATION, uncontrolled and unmitigated inflaction. Perhaps one might recall Germany post WWI.
...Rensselaer, in Troy, New York, paid Jackson $1.6 million in salary and benefits in the year ending June 30, 2008, according to a survey released today by the Chronicle of Higher Education. Columbia University, in New York, paid Lee Bollinger $1.38 million. Bollinger, in sixth place, was the best paid president to lead one of the eight schools in the Ivy League.
Presidential compensation rose 6.5 percent to a median of $358,746 in fiscal 2008, according to the survey of tax data from 419 nonprofit institutions. That growth outstripped the 4.8 percent rise in the consumer price index. Median pay at the 32 biggest research universities grew 16 percent, the Washington- based Chronicle said. Some of Jackson’s compensation included deferred bonuses and other benefits, reflecting increased complexity in the pay packages, said Jeffrey Selingo, the editor.
“It’s not the presidents who set these salaries, it’s their boards and many include people from corporate America,” Selingo said in a conference call with reporters on Oct. 30. “For them, these salaries and pay structures are not unusual.”
Since the financial crisis of 2008, many universities have experienced declines in their endowments and have since frozen pay for presidents, Selingo said. In some cases, presidents are returning a portion of their salaries to the schools, he said....
