by Cormac Close | Jul 22, 2015 | Financial Reform
The actual provision of the law is 108 words. The gist: The Securities and Exchange Commission requires corporations and banks that it supervises to disclose in their annual reports the “annual total compensation of the chief executive officer,” the “mean of the...
by Cormac Close | Jul 21, 2015 | Financial Reform
Most corporate executive pay comes in the form of bonuses tied to the performance of their company. While this rewards CEOs who make their company prosper, it also gives them a perpetual temptation: Why not lie about the performance of your company so you can make...
by Cormac Close | Jul 14, 2015 | Financial Reform
For Djuan, it all began when he left his job at the Los Angeles Film School to go take care of his ailing mother in Wichita, Kansas. When she died last March, he had no job or income, and the bills were piling up. That’s when he turned to a payday lender for help. “I...
by Cormac Close | Jul 13, 2015 | Blog, Financial Reform
Republicans on the House Financial Services Committee last Thursday celebrated the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act by inviting a panel of handpicked experts to parrot the view that the act has been catastrophic for...
by Cormac Close | Jul 8, 2015 | Blog, Financial Reform
After a spate of Atlantic shark attacks captured the news, Discovery Channel’s much anticipated Shark Week could not be more timely. Watchers will eagerly devour information on all types of sharks, from the docile whale shark to the infamous Great White. But the...
