Bernanke: Exec compensation must be monitored

Discussion in 'Wall St. News' started by WaveStrider, Mar 20, 2009.

  1. http://biz.yahoo.com/ap/090320/bernanke.html?sec=topStories&pos=main&asset=TBD&ccode=TBD

    "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."

    It's good that he says this. But...

    "Monitored" doesn't really mean "do something about".

    And why say it at a meeting of community bankers - who for the most part didn't screw up like the big banks?

    Shouldn't he be saying this at a meeting of the CEO's of the big financial institutions instead?