"Fed Considers Sweeping Rules on Bank Pay"

I think it's a bad idea.

But I would consider supporting the change if the proposed rules were also applied to the Fed's managers, the executive branch, and Congress. Especially this one: "And they will support 'clawbacks' that would enable companies to reclaim money if profits turn out to have been illusory after an executive has been paid."

Mr./Ms. Representative, you supported spending taxpayer money on wool and mohair subsidies? Give some of your salary back.

Comments

[Foolish Jordan]

Unfortunately these various government officials don't even make all that much so we wouldn't gain anything with our clawbacks.

[david foster]

Elected officials often make plenty *after* they retire...their contacts and knowledge of the process are valuable, even in cases where they aren't being effectively paid for services rendered/

And the more government dominates the economy, the more lucrative these post-retirement opportunities will be.

[JorgXMcKie]

Just showing their natural resentment those valuable enough to make more than Congresscritters and bureaucrats. Envy is an ugly thing, at best, and downright disgusting when accompanied by power.