Big banks should seek balanced executive pay by "deferral of a substantial portion" of compensation over many years, says Fed Governor Daniel Tarullo at a compensation conference. He emphasized an "extensive horizontal review" in the central bank's supervisory process. The 30-day comment period for the Fed's new pay limit policies ends Nov. 27.
He doesn't get it. Big bank big salaries are transfer payments from customers, taxpayers, and stockholders. Deferring payment of undeserved wealth does not solve the problem of ENDING undeserved wealth.
Yes it does. Long term losses can't be hidden by short term profit.
On Nov 02 05:30 PM frosty wrote:
> He doesn't get it. Big bank big salaries are transfer payments from > customers, taxpayers, and stockholders. Deferring payment of undeserved > wealth does not solve the problem of ENDING undeserved wealth.
rick flair: why do you goofs keep trying to talk the market down? can't you look at a simpleton chart?
18 minutes ago
Low Sweat Investing: Deja vu '82? Unemployment hit 10.8% peak in Nov '82. SPY up 20% in 1 year. My article: This Market to Workers: Welcome to the Jungle, Sep 21
This news story has 3 comments:
Who among you thought central banking was dull?
On Nov 02 05:30 PM frosty wrote:
> He doesn't get it. Big bank big salaries are transfer payments from
> customers, taxpayers, and stockholders. Deferring payment of undeserved
> wealth does not solve the problem of ENDING undeserved wealth.