Bernanke Says Exec Compensation Must Be Monitored
Started by stevejhx
about 17 years ago
Posts: 12656
Member since: Feb 2008
Discussion about
Federal Reserve Chairman Ben Bernanke on Friday called for banking supervisors to pay ''close attention'' to compensation practices as they examine the soundness of financial institutions. Banking regulators have observed that ''poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization,'' Bernanke said in prepared remarks to a meeting of smaller ''community'' banks in Phoenix, Ariz. http://www.nytimes.com/aponline/2009/03/20/washington/AP-Bernanke.html They're going to have to build the coffin bigger, what with all the nails being driven into it.
Steve,
What do you think of Bernanke?
Same as Cramer does.
OK, I'll research that. I don't follow Cramer.