Renwed Dodd-Frank interest in clamping down Bonuses
Hey Monkeys,
Not sure if anyone saw the Bloomberg article but it seems like Progressives are trying to advance regulations to clamp down on bonuses these next few years. As Senator Warren puts it, it is "critical to reining in the reckless Wall Street culture that encourages executives to juice their pay with risky, short-term gains,”
Any thoughts on this and how it will affect bankers at the more junior level?
Article: https://www.bloomberg. com/news/articles/2021-04-30/wall-street-bonuses-at-risk-amid-new-clamor-to-finish-dodd-frank?srnd=premium&sref=S0iMrfxV
I'm kind of ok if they go after some of the Wall Street executives who have been licking the progressive's boots....serves them right. And maybe this why they've been doing that in the first place.....
Aren't exec bonuses largely influenced by stock consideration? Stock compensation and lock-up periods literally deter from "risky short-term gains" she's going on about.
Good. All the limousine liberals on Wall Street and in nyc deserve it.
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