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...Rather than relying on clawbacks, companies should make sure they get their compensation decisions right in the first place," says Hye-Won Choi, who is the head of corporate governance at TIAA-CREF, which manages retirement accounts. "It is much easier not to give awards up front than it is to take them back once paid...
...Wall Street pay was again in the spotlight in Washington. The House Committee on Financial Services held a hearing on executive compensation. Harvard professor Lucian Bebchuk, who recently consulted pay czar Kenneth Feinberg in setting compensation limits at bailed-out firms, said Congress 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...
...campus. But there is no collective space in which critical thinking about religion in general, rather than a specific religious tradition, can occur. It’s true that the programming at Memorial Church is helpful with respect to a general Christian perspective, but there needs to be a place where students of all persuasions can ask more fundamental questions about religion. The Institute of Politics is responsible for fostering conversation within the political realm, but there is no similarly organized place for discussion of religious issues...
Third, a distinctly religious public discussion space would be an extension of current, albeit incomplete attempts to engage with students’ faith-based identities. Rather than being completely foreign territory, a university-sanctioned, interreligious place of dialogue would be an augmentation of current efforts. Harvard currently organizes a “Reflecting on Your Life” program for first years to see how their “personal values” might affect their desire for a particular “life dream...
...accommodate the diversity of student needs on religion. Yes, theists of nearly all faiths have communities to join, while atheists and agnostics have the Humanist Chaplaincy at Harvard. But students who are interested in religion but are unsure whether a particular community will fit them should have a place...