The Financial Crisis Inquiry Commission released its 600-page-plus assessment of what caused the 2008 market debacle to little fanfare Thursday morning. The findings in the politically divided report range from the obvious to the oblivious while failing to shed new … Read more
Leave a CommentJanuary 2011
Having trouble sleeping? Here’s a surefire cure: Crack open your average compensation discussion and analysis (CD&A) section from any U.S. company’s 2010 proxy statement, and begin trudging through the obtuse legalese that describes how that company decided to pay its … Read more
2 CommentsAccording to a recent Towers Watson survey of 135 U.S. publicly traded companies, 51 percent expect to hold annual “say-on-pay” votes, while 39 percent prefer a vote every three years and 10 percent anticipate biennial votes. Interestingly, nearly half of … Read more
Leave a CommentAfter months of anticipation, staff of the U.S. Securities and Exchange Commission (SEC) released their long-awaited study of the obligations of those who provide investment advice to retail investors, as mandated by the Dodd–Frank Wall Street Reform and Consumer Protection … Read more
Leave a CommentYale Law Professor Jonathan Macey’s tired lament in the Wall Street Journal about his perceived shortcomings of U.S. financial regulation is, well, tiresome. If you will recall, this was the mantra du jour leading up to the financial crisis — … Read more
3 CommentsI had the privilege on Thursday of being in the audience in Toronto at the Canadian Club’s luncheon speaker presentation, in which Margaret Franklin, CFA, chair of the CFA Institute Board of Governors, gave a candid assessment of investor distrust … Read more
Leave a CommentAs I wrap up meetings with CFA Institute members here in India, many of my conversations have centered around investor trust and confidence in capital markets. This is especially apt given the local headlines about the fraud allegedly carried out … Read more
Leave a CommentA series of radio ads highly critical of Wall Street pay began airing this week in New York City. The radio spots — which lament that bankers, brokers, and money managers are now earning more than ever before, just two … Read more
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