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The APEsphere blog by Andrew and Angela Newton
By Andrew Newton on 13 May, 2009 - 10:24 UTC
Serious consideration is being given to ways to curb pay policies that encourage financial stability-threatening behavior by employees.
The rules may come through the Federal Reserve or the Securities and Exchange Commission.
Separately, House Financial Services Committee Chairman Barney Frank (D., Mass.) is working on his own proposals.
The industry lobby group the Financial Services Roundtable is resisting any such move, so earning its name by ensuring we come back full circle into the same mess.
Must read: Why is Barney Frank So Effing Mad?
By Andrew Newton on 06 Dec, 2009 - 15:09 UTC
Moves afoot to link banker pay to long term performance
By Andrew Newton on 13 Mar, 2009 - 06:44 UTC
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.
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- Why is Barney Frank So Effing Mad?
- Moves afoot to link banker pay to long term performance
- Obama administration looking at bank pay curbs
- Moves afoot to link banker pay to long term performance
- Why is Barney Frank So Effing Mad?
- Obama administration looking at bank pay curbs
- Moves afoot to link banker pay to long term performance
Julie Nelson 
