This could just be the beginning

Fortune Magazine asks the question “Who cares if Wall Street 'talent' leaves?” In an October 23, 2009 article (http://money.cnn.com/2009/10/23/news/newsmakers/fed.feinberg.fortun...)
they address critics’ concern that reining in pay makes it hard to keep talented employees. While saying “Godspeed to this "talent"”, they note the billions of dollars in losses that these “traders and suits in the corner offices” posted in 2008. As to the corresponding concern of replacing these workers, the articles notes that the current job market, and specifically the 10% drop in securities industry employment since December 2007, makes it difficult to believe that it would be much of a problem. And, compensation restrictions at big firms that received bailouts would put pressure on other banks to curb excessive compensation at their institutions. This could just be the beginning ...