May 23, 2011
Wall Street greed and outrageous pay practices were a major cause of the economic collapse of 2008. We need a *safety index* for incentive compensation, not a profit index. We also need an employee pay ratio that reflects a just balance in compensation like that which existed in the past.
Some bankers receive stock options. If they can generate more profits, the stock price goes up, and their options become more valuable. I believe stock options should be regulated so that bankers are not tempted to engage in unethical or illegal practices.
Thank you for considering my comment,
Don Ogden