WSJ: US Regulators Target Bankers' Cash Compensation

Tuesday, 21 Dec 2010 12:03 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

U.S. regulators may force big financial firms to award half or more of their executive pay in the form of stock or other deferred compensation instead of cash, the Wall Street Journal said, citing people familiar with the situation.

The move, which could affect big Wall Street firms such as Bank of America Corp., JPMorgan Chase, Goldman Sachs and Morgan Stanley, is aimed at curbing excessive risk taking behavior that contributed to the financial crisis, the newspaper said.

The regulators are mulling such a move in light of a provision in the Dodd-Frank Act, which instructs regulators to prohibit any bonus plan that "encourages inappropriate risks" at financial firms with more than $1 billion in assets, according to the paper.

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved