World News Insights
1-3 Minute Gist

All Topics Group

Jason Zweig on why limits to pay and bonuses in banking that create incentives for risk taking have not worked

04/22/2016

This piece by Zweig in January 2009 during the depths of the 2008 global financial crisis shows why the limits to executive pay of $500,000 for firms getting financial aid are too limited in scope to work. For one thing this applies only to senior executives. As soon as the money is paid back to the government the banks are able to go back to the old ways. Executive compensation has not changed significantly in 2014 from 2006 during the days before the 2008 financial crisis.

Grouped Articles

New Rules Curbing Wall Street Pay Proposed

Wall Street Journal 04.22.2016


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us