Despite the taxpayer bailouts and regulators pressuring Wall Street’s compensation culture, finance-industry pay is expected to push to a record high of $140 billion this year. Former Federal Reserve Bank examiner Mark T. Williams, who teaches finance at the School of Management, says only emplyees that take low risks and make large profits should be rewarded.
“Compensation schemes in the past inappropriately incentivized employees to bet the farm using the firm’s money. For the health of these companies and our economy, this practice must be stopped.”
Contact Mark T. Williams, 617-358-2789, email@example.com