Getting Financial Incentives Right Through Government Regulation of Finance Compensation

Gene Sperling on Financial Industry Executive Compensation:>Opening Statement before the U.S. House of Representatives Committee on Financial Services.As I have said many times, shareholders ought to have fixed the problem that the financial-sector compensation system has systematically fed Wall Street hotshots the wrong incentives via short-term options-based compensation packages.But shareholders haven’t. And the problem is serious enough and has bad enough consequences for the rest of us that we need to fix it.

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