Comments on: The curious task http://cafehayek.com/2009/10/the-curious-task.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: Methinks http://cafehayek.com/2009/10/the-curious-task.html/comment-page-1#comment-184765 Methinks Wed, 07 Oct 2009 15:48:00 +0000 http://cafehayek.com/?p=6762#comment-184765 Basically, for the best employees, the vesting period is not an issue. The only employees hindered by a vesting period are ones that are not in high enough demand to have their bonuses bought out by a competing firm. So, what is the pay commissar really accomplishing by tying the dudds to the firm more tightly? Basically, for the best employees, the vesting period is not an issue.

The only employees hindered by a vesting period are ones that are not in high enough demand to have their bonuses bought out by a competing firm. So, what is the pay commissar really accomplishing by tying the dudds to the firm more tightly?

]]> By: Methinks http://cafehayek.com/2009/10/the-curious-task.html/comment-page-1#comment-184762 Methinks Wed, 07 Oct 2009 15:40:00 +0000 http://cafehayek.com/?p=6762#comment-184762 That's right. But, that's not a loophole. That's the market valuing employees. Non-Wall Street firms also buy out bonuses to lure employees who are tied to such pay schemes in their current job. The only people who are really hindered by the vesting period are the people who aren't in high enough demand for another company to buy out their bonus. So, what is the pay commissar really accomplishing here? That’s right. But, that’s not a loophole. That’s the market valuing employees. Non-Wall Street firms also buy out bonuses to lure employees who are tied to such pay schemes in their current job.

The only people who are really hindered by the vesting period are the people who aren’t in high enough demand for another company to buy out their bonus. So, what is the pay commissar really accomplishing here?

]]> By: Anonymous http://cafehayek.com/2009/10/the-curious-task.html/comment-page-1#comment-184749 Anonymous Wed, 07 Oct 2009 13:06:00 +0000 http://cafehayek.com/?p=6762#comment-184749 <i>"There are no loopholes around the vesting period and If you leave the firm before the vesting period, you forgo that bonus. That's why when firms hire desirable candidates they 'buy out' the bonus. No loopholes required. Market forces will be what they will be."</i> So ... there are no loopholes around the vesting period ... but you can get another firm to buy-out the bonus? If the deferred compensation can be valued by a third-party and bought-out before it has matured -- then it can be converted into present-day dollars. “There are no loopholes around the vesting period and If you leave the firm before the vesting period, you forgo that bonus. That’s why when firms hire desirable candidates they ‘buy out’ the bonus. No loopholes required. Market forces will be what they will be.”

So … there are no loopholes around the vesting period … but you can get another firm to buy-out the bonus?

If the deferred compensation can be valued by a third-party and bought-out before it has matured — then it can be converted into present-day dollars.

]]> By: Anonymous http://cafehayek.com/2009/10/the-curious-task.html/comment-page-1#comment-184744 Anonymous Wed, 07 Oct 2009 08:33:00 +0000 http://cafehayek.com/?p=6762#comment-184744 "Least not in a free society." Let me know if you find one. In the mean time, I'm busy forking over half of my depreciating earnings to a master who then uses it to squelch my values. “Least not in a free society.”

Let me know if you find one. In the mean time, I’m busy forking over half of my depreciating earnings to a master who then uses it to squelch my values.

]]> By: Ray Gardner http://cafehayek.com/2009/10/the-curious-task.html/comment-page-1#comment-184741 Ray Gardner Wed, 07 Oct 2009 05:08:00 +0000 http://cafehayek.com/?p=6762#comment-184741 Tsk tsk friends. We've already devolved into discussing the proper way to structure the executives' pay. It's not the proper role for the state to decide such things. Period. Least not in a free society. Tsk tsk friends.

We’ve already devolved into discussing the proper way to structure the executives’ pay.

It’s not the proper role for the state to decide such things.

Period.

Least not in a free society.

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