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Academic
: ConglomerateTreasury Proposes Executive Comp Legislation
By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring
On the one hand, the big paydays for traders surely encouraged them to take risks, but it is amazing how much time during the financial crisis has been spent on compensation, ranging from AIG's bonuses to today's news that Treasury will seek legislation to make compensation committees as independent as SOX audit committees (a pain if your firm is small and so your three person board is full of insiders), and so-called say on pay for all public companies.
Full post as published by Conglomerate on July 16, 2009 (boomark / email).
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