Category: Compensation

Sauce for the gander

16 April, 2013 (14:38) | Banks, Compensation, Incentives, Innovations, Pay, Subprime, US News |

  By:David A. Smith   Time for you to reform too, padre   Too soon old, too late smart – is that how it runs?  Or was it a case of being smart but helpless, feeling under pressure to pay huge bonuses in cash based on non-cash estimates of earnings?    Before the crisis, Wall […]

The pay puzzle: Part 2, what should happen, company level

29 January, 2010 (11:21) | Banks, Compensation, Regulation, Speculation, Subprime, Theory, US News |

By: David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post opened the topic of compensating investment bankers and a fortiori investment banks as well, taking as initial text Steven Brill’s New York Times profile of TARP paymaster Kenneth Feinberg.    Put up your dukes, Feinberg!   Brill is full of admiration for […]

The pay puzzle: Part 1, what should happen, executive level

28 January, 2010 (11:29) | Banks, Compensation, Regulation, Speculation, Subprime, Theory, US News |

By: David A. Smith   With the economy in the tank and banks (including the Federal Reserve) making record profits, populist ire has settled on the bankers themselves.     Were you paid a great deal of money? Yes, we … uh … Guilty!  Until proven innocent!   Deservedly so?  That question is implicit in […]