November 12th in Uncategorized by Editor .

Bill Gates thinks Wall Street is paid too much

It’s got to sting the banker’s heart a bit when the richest man on the planet says he believes Wall Street pay is “often too high”.

Gates told a discussion on philanthropy (now his main line of interest) in New York that (Reuters):

“The compensation problem is a very interesting problem. I do think compensation is often too high, but it’s a very tough problem to solve.”

Now, no-one can argue that Gates said this out of envy or that he wanders …

It’s got to sting the banker’s heart a bit when the richest man on the planet says he believes Wall Street pay is “often too high”.

Gates told a discussion on philanthropy (now his main line of interest) in New York that (Reuters):

“The compensation problem is a very interesting problem. I do think compensation is often too high, but it’s a very tough problem to solve.”

Now, no-one can argue that Gates said this out of envy or that he wanders round Seattle with a pitchfork in his hand. So when a man renowned for his logic as much as his wealth makes the point, there’s probably something in it. But like he says, ‘it’s a very tough problem to solve’.

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