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Some Salaries Chairman of the Federal Reserve Bank: $133,600. CEO of the Bank of Boston: $2,989,832. Fed executive in charge of custodial services: $163,800.

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Presentation on theme: "Some Salaries Chairman of the Federal Reserve Bank: $133,600. CEO of the Bank of Boston: $2,989,832. Fed executive in charge of custodial services: $163,800."— Presentation transcript:

1 Some Salaries Chairman of the Federal Reserve Bank: $133,600. CEO of the Bank of Boston: $2,989,832. Fed executive in charge of custodial services: $163,800. Lowest-paid President of one of the twelve regional Federal Reserve Banks: $177,550.

2 The Four Ps Plus One Marketing: Price, Promotion, Place, Product Policy: the result Pride: reputation for talent Place: honor from rank Power: ability to affect results Principle: trying to do right For: Central Bankers, Judges, Politicians (Pecunia, too!)

3 LAW ANALOGY Principal-Agent Paradigm: The Principal father tells the Agent friend to keep $ 2 million for his son. Trust Paradigm: The Settlor father draws up a Trust under which the Trustee friend controls $2 million on behalf of his Beneficiary son.


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