Daniel Miller

Financial Engineering and Wall Street Compensation

Let me clarify, compensation has been limited and will continued to be limited well into the foreseeable future. However, the key is that banks must remain competitive, and be mindful that limits such as claw-back provisions may unduly limit risk-taking. Plans such as the Partner Asset Facility ensure that a firm is able to afford competitive compensation, while also greatly reducing the firm-wide risk from their mortgage backed security portfolios.


On Dec 23 06:09 AM The hand wrote:

> "Banks must also be careful not to limit compensation too much, as
> under capitalized firms face the possibility of loosing employees
> to other institutions if they're unable to afford competitive compensation
> packages."
>
> daniel, if all major banks are receiving government money - then
> all of their compensation should be limited. the unions use the
> same argument about compensation. compensation must match the situation.
>