Bankers get around overhaul law by hedging stocks

posted by
February 6, 2011
New York Times    
Posted in News, PND News

"Intent on fixing a banking system that contributed heavily to the recent financial crisis, lawmakers and regulators pushed Wall Street to overhaul its pay practices. Big banks responded by shifting more compensation into stock, a move intended to align employees’ interests more closely with those of investors and discourage excessive risk-taking. But it turns out that executives have a way to get around those best-laid plans." (02/06/11)

http://tinyurl.com/4jy87mb  

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