The summer of compensation legislation is almost upon us and the Swiss have radioed in with some general guidelines for how they intend to deal with the issue. It should come as no surprise that the main focus is on longer-term, performance-related payment structures that look to penalize individuals whose short-term gains turn into longer term losses. However FINMA, the Swiss regulator, did stop short of establishing guidelines to flat out restrict compensation. According to FINMA, “From a legal perspective, FINMA is not authorised to restrict the remuneration paid to employees. Indeed, this would not be a sensible option.” Barney Frank disagrees.
Swiss bank watchdog to tighten bonus rules [FT]
Related : Bonus Watch ’09: You Get NOTHING (Not Even Toxic Waste)
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
[the sound of wind, and tumbleweed rolling by]
Gregarrhea, since your hiring have they suddenly moved New York to the Alps? If the answer is “no”–and I’m pretty such it is–I think you need to re-read the DB tagline. (Hint, it begins with “a” and ends with “tabloid”)
Now ask yourself. What country is Wall Street found in?
Damnit Greg, you’re going to give BHO new ideas. Just go back to reporting on consumer packaged goods. I hear a potato chip maker has new packaging that contains traces of opium.
I wonder what ol’ greggy’s comp package looks like
None of the quasi-investment bankers on the site like you GREGORY!
greg greg greg greg greg greg greg greg
Greg you’re like fun cancer… slowly killing us all from the inside
Greg,
This one was good. Didn’t try to do too much. Keep it up.
AIG