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...employment lawyers and pay experts say more needs to be done to rein in Wall Street compensation. In practice, it is often hard to get employees to return pay. Moves to limit clawbacks only to deferred compensation (money that is earned but not paid out until a specified future date), which is the easiest to recover, may actually increase risky behavior. What's more, clawbacks vary widely from firm to firm. Some provisions only cover top executives; other firms exclude top executives from the plans...
...should regulate and "place limits" on Wall Street pay. Nobel Prize-winning economist Joseph Stiglitz told the panel that bank pay incentivized traders and other employees to take the excessive risks that contributed to the financial crisis. And corporate-governance expert Nell Minow asserted that Wall Street firms had done little to change the pay practices that she believes were a "symptom and cause" of the financial crisis. "In the postmeltdown world, the pay packages and especially the bonuses continue to widen the gulf between pay and performance - and between integrity and outrageousness," said Minow...
...probably give [Bernanke] more of a C+,” said Jeffrey A. Miron, the economics department’s director of undergraduate studies. “But I don’t think many other people would have done better than...
...Local residents can’t do it alone, much more needs to be done at the state level,” Decker said. “I believe I can do more to make a difference for all of us in the State Senate. I’m ready...
Decker’s mother, Cathy, expressed pride in the work her daughter has done thus...