Regulating Compensation For Bank Executives

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Commentary published in Forbes June 19, 2009 by Lawrence J. White

The compensation structure for senior bank executives is now generally recognized as a problem. Bankers were rewarded for taking large risks: If the coin landed on heads, the bank (and the banker) profited; on tails, the bank failed, shareholders lost and taxpayers were required to bail out the bank’s creditors.

Link to full article.

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