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Fortune
Time to drain Wall Street bonus pool?
Does Ben Bernanke hold the key on runaway pay? Goldman shares have bounced as trading profits have soared. The government is slashing pay for top execs at firms bailed out by taxpayers, but plenty of people are still raking in the dough. Full Article at Fortune
Related Articles
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NEW YORK--The U.S. official who slashed pay for 25 top financial executives on Thursday said regulatory proposals to rein in excessive compensation are like plain "vanilla prescriptions" that might work or might not. Full Article at FOX Business
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My new column for National Journal agrees with the Fed that bankers' pay needs to be supervised, but warns that by itself this will do little to improve financial safety. Full Article at The Atlantic
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Does Ben Bernanke hold the key on runaway pay? Goldman shares have bounced as trading profits have soared. Full Article at CNN/Money
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WHEN President Barack Obama named a “pay czar” in June, he raised hopes that the era of out-of-control executive pay may be over. Full Article at New Haven Register
Related Quotes
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Size is not necessarily evil ... Large firms do have a benefit for the users of financial services and for our economies at large.
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Today I am exercising my executive authority to avoid a full-blown crisis and keep our state moving forward ... This is not an action I take lightly, but we do not have a budget, and as Governor, I have a responsibility to make sure our state has enough money to pay its bills.
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The firms have been able to do what we all thought six or nine months ago was impossible - report respectable earnings, pay their people well, build up their capital base, and take write-offs, all at the same time
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I am troubled at the notion that it could be expanded
