Download or read book Compensation in the Financial Industry written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Compensation in the Financial Industry written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Compensation in the Financial Industry written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Compensation in the Financial Industry written by United States House of Representatives and published by . This book was released on 2019-09-14 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensation in the financial industry: government perspectives: hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, February 25, 2010.
Download or read book Executive Compensation in Imperfect Financial Markets written by Jay Cullen and published by Edward Elgar Publishing. This book was released on 2014-10-23 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book discusses the issue of executive compensation in Anglo-American financial markets following the financial crisis. The book begins by contextualizing the problem facing financial institutions in the US and the UK and argues that appr
Download or read book Compensation in the Financial Industry written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-12-31 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compensation in the financial industry : hearing before the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, January 22, 2010.
Download or read book Executive Compensation and Business Policy Choices at U S Commercial Banks written by Robert DeYoung and published by DIANE Publishing. This book was released on 2010-08 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines whether and how the terms of CEO compensation contracts at large commercial banks between 1994 and 2006 influenced, or were influenced by, the risky business policy decisions made by these firms. The authors find strong evidence that bank CEOs responded to contractual risk-taking incentives by taking more risk; bank boards altered CEO compensation to encourage executives to exploit new growth opportunities; and bank boards set CEO incentives in a manner designed to moderate excessive risk-taking. These relationships are strongest during the second half of the author¿s sample, after deregulation and technological change had expanded banks' capacities for risk-taking. Charts and tables.
Download or read book Compensation in the Financial Industry written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Executive Pay and Performance written by R. Glenn Hubbard and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines an effect of deregulating the market for corporate control on CEO compensation in the banking industry. Given that each state's banking regulation defines the competitiveness of its corporate control market, we examine the effect of a state's interstate banking regulation on the level and structure of bank CEO compensation. Using panel data on 147 banks over the decade of the 1980s, we find evidence supporting the hypothesis that competitive corporate control markets (i.e., where interstate banking is permitted) require talented managers whose levels of compensation are higher. We also find that the compensation-performance relationship is stronger than for managers in markets where interstate banking is not permitted. Further, CEO turnover increases substantially after deregulation, as does the proportion in performance-related compensation. These results suggest strong evidence of a managerial talent market -- that is, one which matches the level and structure of compensation with the competitiveness of the banking environment.
Download or read book Bank CEOs written by Claudia Curi and published by Springer. This book was released on 2018-05-22 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book thoroughly explores the characteristics and importance of bank CEOs against the backdrop of growing awareness of the social implications of CEO behavior for the performance and stability of the financial and economic system. After an introductory section on the relevance of CEOs in the banking industry, the connections between the bank CEO labor market, contractual incentives, and compensation structures are examined. The focus then turns to empirical findings concerning the impact that bank CEO compensation has on various firm-level outcomes, such as bank performance and strategies. In addition, the relation between CEO turnover and changes in compensation policies since the financial crisis is discussed. A concluding section presents some fresh empirical evidence deriving from an up-to-date database of traits of CEOs operating in the largest European banks. For PhD students and academics, the surveys offer detailed roadmaps on the empirical research landscape and provide suggestions for future work. The writing style ensures that the content will be readily accessible to all industry practitioners.
Download or read book Pay for Performance written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Consumer Protection and published by . This book was released on 2013 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Compensation Structure and Systemic Risk written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2009 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Excessive Financial Services CEO Pay and Financial Crisis written by G. Nathan Dong and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The questions of whether there ever existed excessive risk-taking incentives from executive compensation in the financial industry, and whether top executives of financial services firms actually responded to such excessive incentives that eventually led to the crisis remain unanswered. The prior research has attempted to answer the second question, however, with conflicting evidence and without a clear definition of excessive. To answer the first question, this paper uses a numerical calibration approach to estimate the optimal level of CEO pay and derive the excessive compensation which provides excessive risk-taking incentives. We then examine the extent of excessive compensation in the financial industry relative to the non-financial industries during the 2000s and whether there were changes in compensation practices between the post Sarbanes-Oxley period and the pre-crisis period. We find mixed evidence in favor of the presence of higher excessive pay in the financial industry, and the CEO compensation practices remained largely unchanged over time. In addition, the relation between excessive pay and excessive risk-taking in the financial industry is somewhat weak, suggesting that CEO compensation might not be a major cause for the crisis in 2008.
Download or read book Compensation in the Financial Industry Serial No 111 98 January 22 2010 111 2 Hearing written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wages Bonuses and Appropriation of Profit in the Financial Industry written by Olivier Godechot and published by Routledge. This book was released on 2016-07-22 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis led the whole world to ask questions of the financial industry. Why are wages in the financial industry so high? Are bonuses responsible for the financial crisis? Where do bonuses come from? Politicians and others urged people to believe that the crisis was the price of Wall Street’s greed and blamed the "bonus culture" prevalent in the financial industry. However, despite widespread condemnation and the threat of tighter regulation, bonuses in the industry have proven remarkably resilient. Wages, Bonuses and Appropriation of Profit in the Financial Industry provides an in-depth inquiry into the bonus system. Drawing on examples from France, the City and Wall Street, it explains how and why workers in the financial industry can receive such large bonuses. The book examines issues around incentives, morality and wealth-sharing among employees, including the rise of "the working rich" – those who have benefited the most from the high wages and large bonuses on offer to some employees. These people have achieved wealth through their work thanks to new forms of exploitation in our ever-more dematerialised economy. This book shows how the most mobile employees holding the most mobile assets can exploit the most immobile stakeholders. In a world where inequalities are rising sharply, this book is therefore an important study of one of the key contemporary issues. It will be of vital interest to those studying finance, banking or political economy.
Download or read book Reforming Financial Industry Executive Compensation Practices to Manage Risk Build Long Term Value and Assure Legal Compliance written by Michael A. Santoro and published by . This book was released on 2015 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: How executive pay -- particularly cash-based incentive bonuses -- is structured can have as much if not greater consequences for firm-wide and systemic risk than the gross amount of executive pay. The public policy debate over executive pay in the banking sector has placed too much emphasis on whether executive pay is excessive and not enough on whether particular executive pay policies are constructed in a manner that protects the interests of shareholders and the public in risk management, long-term value creation, and legal compliance. After a brief general overview of executive compensation in the financial industry, this paper considers the role of cash-based executive compensation in the 2008 financial crisis. It then briefly surveys legal and industry-initiated reforms of executive compensation enacted or proposed to date. Finally, by examining the infamous London Whale trade at JPMorgan Chase, the chapter demonstrates the need for innovative approaches to executive compensation more closely aligned with risk mitigation and legal compliance with the Volcker Rule.
Download or read book Compensation in the Financial Industry Government Perspectives Serial No 111 103 February 25 2010 111 2 Hearing written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
