How do you limit executive compensation without politically difficult limits? Don't use limits, of course. Thanks SheBair! We were worried there for a minute!
Banking agencies should become more active in setting compensation standards that are "principles-based" without setting specific amounts for pay, Bair said today in an interview with Bloomberg Television in Washington.
How big is too big? Where does value added end? She knows it when she sees it (so to speak).
Bair Says Regulators Should Set Banker Pay Standards [Bloomberg]