Did Bankers’ Pay Add to This Mess?

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Published in The New York Times September 27, 2009 by Mark Hulbert

Proposals to cap the compensation of bank C.E.O.’s have gained traction lately as a means of heading off another financial crisis.  World leaders at the G-20 summit meeting last week in Pittsburgh agreed in principle to reform executive compensation, with the goals of reducing risk-seeking behavior and avoiding a future global credit shock.

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