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E.U. Seeks Global Agreement on Bonus Curbs
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The European Union, especially Sarkozy of France and Merkel of Germany want to see strict rules on banker's pay backed up by "the threat of sanctions at the national level." Both leaders see this as an urgent topic for the G20 meeting in Pittsburgh. They want to prevent the reckless lending and risktaking that caused the last financial crisis, where banker's bonuses were based on taking these kinds of risks.
Executive Compensation and how it has led at outrageous levels to changing behaviour.
10/11/2008
With outrageous amounts of executive compensation running into tens of or hundreds of millons, behaviour of executives involved has changed from ethical to unethical depending on the ethical base of the person involved.
Grouped Articles
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
Documents Show AIG Knew Of Problems With Valuations
Wall Street Journal 10/11/2008
E.U. Seeks Global Agreement on Bonus Curbs
New York Times 09/17/2009
Fed Considers Sweeping Rules to Regulate Pay at Banks
New York Times 09/19/2009
Fed's Plan on Banker Pay Divides Industry
Wall Street Journal 09/19/2009
Fed Abandons Its Reserve on Banker Pay
Wall Street Journal 09/19/2009
2008 global financial crisis and the incomprehensible- Are the old faces that put the whole financial system at risk, now the new faces trying to fix it?
01/15/2009
Sir James Crosby is the old face of HBOS bank which needed $17 billion of British government money, he has also been Deputy Chairman of the Financial Services Authorty since 2006. Has part of the problem been that regulatory agencies have been run by the very people they were supposed to regulate. In the process has the regulatory mindset which is supposed to have conservative instincts and to be skeptical of newly contrived schemes and ever vigilant, been destroyed or replaced with something foreign to the task of regulation.
Grouped Articles
Obama's Pick to Head SEC Has Record Of Being a Regulator With a Light Touch
Wall Street Journal 01/15/2009
Schapiro Pledges Vigilance as SEC Chief
Wall Street Journal 01/16/2009
SEC Chief Pledges Effort To Bolster Enforcement
Wall Street Journal 02/07/2009
SEC Expected to Name Khuzami Enforcement Director
Wall Street Journal 02/09/2009
Top Enforcer at the S.E.C. Steps Down
New York Times 02/10/2009
British Regulator Quits as Accusations Mount in Banking Crisis
New York Times 02/12/2009
Reward systems, moral fabric, ideas of responsibility, and the functioning of the system that governs economic activity in America.
05/13/2008
Media hype that promotes bubble behaviour, retention payments andd bonuses for executives, a general deterioration across the board at all levels and in all parts of society of the idea of responsible behaviour and morally acceptable behaviour, and how this corrodes the whole fabric of the system that governs economic activity in America.
Grouped Articles
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
New Rules Curbing Wall Street Pay Proposed
Wall Street Journal 04/22/2016
Many Hispanics Are Hit Hard by Economic Slump
New York Times 05/13/2008
New York Times 02/13/2009
Executive compensation and perks that are arousing public opinion as layoffs increase in 2009
03/04/2008
As layoffs increase and the credit crisis makes life difficult for most people the excutive compensation in the hundreds of millions of dollars, and perks like private jets even for failed companies, are arousing public opinion.
Grouped Articles
In Germany, Scandals Tarnish Business Elite
Wall Street Journal 03/04/2008
Buyout Plan for Wall Street Is a Hard Sell on Capitol Hill
New York Times 09/24/2008
New York Times 10/05/2008
Documents Show AIG Knew Of Problems With Valuations
Wall Street Journal 10/11/2008
Nonprofit Hospitals Leave The City for Greener Pastures
Wall Street Journal 10/14/2008
Wall Street Journal 10/21/2008
$52 billion of government money to go through AIG to banks and in turn to hedge funds for betting against the housing market.
01/19/2009
The Financial Products Group's 370 person staff at AIG earns bonueses of $400 million for AIG insurance sold at "fractions of a penny for every dollar covered, less than $10 million for $1 billion of insurance" (WSJ). It costs the government $52 billion to take care of this and $165 million in bonus check go out for retention incentives with binding contracts to these staffthe same week. Thats the kind of financial innovation that has exacerbated the turmoil and created acrisis of condfidence for financial markets in the USA by March 2009.
Grouped Articles
BusinessWeek 04/01/2010
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
In New Books, a Look at People and Places That Innovate
New York Times 09/04/2010
Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges
New York Times 04/30/2015
Wall Street Journal 06/16/2015
In A.I.G. Case, Surprise Ruling That Could End All Bailouts
New York Times 06/15/2015
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