$500k can't get exotic dancers to run banks

[vinoveri]

Strip-Club Chief Is What Banks Afford With Obama Cap (Update1)

Feb. 11 (Bloomberg) -- Eric Langan could run a U.S. bank, based on his $494,713 salary last year, according to President Barack Obama. Langan would rather stay in his job, overseeing 18 strip clubs as chief executive officer of Rick’s Cabaret International Inc.
“A bank? No. I’m not interested in working for a bank,” Langan said in a telephone interview from his office in Houston. Besides, he just got a raise to $600,000, putting him $100,000 over Obama’s cap for a top official of a financial institution receiving federal bailout funds.
...
Langan, CEO of Rick’s Cabaret, said he doubts any of the dancers at his Rick’s Cabaret, Club Onyx, XTC Cabaret or Tootsie’s night clubs would seek new careers in finance.
“I’ve got girls making over a quarter of a million a year in New York,” he said.

http://www.bloomberg.com/apps/news?p...3oQ&refer=home

"Nice work" if you can get it.?

Hey, if the bankers don't want the measely $500k, let them seek employment elsewhere - I'm sure there's plenty of other lucrative opportunities in the post-FIRE world.)

[flintlock]

Re: $500k can't get exotic dancers to run banks

I'd think a million dollars would have been a better cap if you have to have one, but also believe that past a point, the extra money gets you nothing except maybe better access to the guy's rolodex. If it were not for all the corporate board cronyism, you'd never see some of these ridiculous payouts.