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Saturday, November 28 2009  |  12:43 EDT  | 
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Market Currents

Monday, November 2, 2009
3:41 PM TweetThis
  • 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.

This news story has 3 comments:

  •  
    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.
    Nov 02 05:30 PM | Link | Reply
  •  
    Extensive horizontal review. I shudder to think about it. PG -13 at least.

    Who among you thought central banking was dull?
    Nov 02 06:37 PM | Link | Reply
  •  
    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.
    Nov 02 11:08 PM | Link | Reply
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