New Wall Street Executive Pay Regulations Probably Wouldn’t Benefit Companies or Economy

U.S. regulators announced this morning that they are proposing new rules that would regulate Wall Street executives’ bonus pay including making them wait four years to collect most of their bonus pay, and forcing them to return money if companies lose money. Mark Shank, Managing Partner of Gruber Elrod Johansen Hail Shank, who specializes in executive compensation and regulatory issues says:

The proposal calls for creating a standardized policy of governmental oversight that supersedes both existing industry standards and the independent, internal policies of individual businesses. I’m not sure imposing these regulations create any benefit to these companies, their customers or the overall economy.

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