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Moves afoot to link banker pay to long term performance
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Added by
apesphere on 13 Mar 2009
From: online.wsj.com
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| Image courtesy wwarby via Flickr |
US Senator Barney Frank and New York State Attorney General Andrew Cuomo are considering legislative options to refocus bankers' pay.
The financial sector's short-term performance culture has been blamed repeatedly for creating the incentives that led to irresponsible risk-taking, and ultimately global economic crisis.
The financial sector's short-term performance culture has been blamed repeatedly for creating the incentives that led to irresponsible risk-taking, and ultimately global economic crisis.
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
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