To: President Donald Trump, The Kentucky State House, The Kentucky State Senate, Governor Matt Bevin, The United States House of Representatives, and The United States Senate
Charter for a new type of Bank
This is a proposal for a type of bank that limits compensation to their officers/executives/etc. to a flat salary.
(No exceptions. No bonus, commissions, speaking fees, gifts, etc.).
In a bank with such a compensation restriction as this, officers/executives/etc. would no longer have the ability to influence their own income.
By removing this concern from the mix, business decisions would be more in line with what is best for the welfare of the stakeholders (the clients, the firm, and public trust) rather than their own personal wealth accumulations.
Removing this concern from their business decisions would greatly benefit the clients, the firm and the over-all economy (hence the public welfare).
Such a type of bank as this coming on line would greatly influence the profiteering and predatory banks currently operating. Our (the public’s) cash would begin flowing away from the profiteering banks and toward the ‘New’ (more fair and likely more profitable) ‘Salary Compensated Only’ or guardian style banks. The profiteering banks would have to adapt or die.
(No exceptions. No bonus, commissions, speaking fees, gifts, etc.).
In a bank with such a compensation restriction as this, officers/executives/etc. would no longer have the ability to influence their own income.
By removing this concern from the mix, business decisions would be more in line with what is best for the welfare of the stakeholders (the clients, the firm, and public trust) rather than their own personal wealth accumulations.
Removing this concern from their business decisions would greatly benefit the clients, the firm and the over-all economy (hence the public welfare).
Such a type of bank as this coming on line would greatly influence the profiteering and predatory banks currently operating. Our (the public’s) cash would begin flowing away from the profiteering banks and toward the ‘New’ (more fair and likely more profitable) ‘Salary Compensated Only’ or guardian style banks. The profiteering banks would have to adapt or die.
Why is this important?
Creating a new type of bank that will perform it's duties more fairly in the interest of their clients. The goal is to create a bank type that will replace the culture of preditory and profiteering practices with one of guaridanship and fairness.