by Robert Borosage | Jul 27, 2015 | Blog, Financial Reform
Last week, Hillary Clinton opened an important “conversation” about what she calls “quarterly capitalism” or excessive “short-termism.” She noted how the rules have been rigged to pressure executives to focus on the next quarter’s stock return rather than the...
by Cormac Close | Jul 23, 2015 | Blog, Financial Reform
[fve]https://youtu.be/3foBrqHVCOo[/fve]In this video, Sen. Elizabeth Warren (D-Mass.) reviews the state of the Dodd-Frank financial reform bill after five years and the record of the Consumer Financial Protection Bureau. Republicans have done their best to prevent the...
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 Jacob Woocher | Jul 21, 2015 | Financial Reform
Designed to address the problem of soaring executive compensation, ‘say-on-pay’ is a core provision of the Dodd-Frank financial reform bill. But on the legislation’s fifth anniversary say-on-pay is not having the impact its advocates had hoped for. After briefly...
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 Robert Borosage | Jul 21, 2015 | Blog, Financial Reform
Today marks the fifth anniversary of Dodd-Frank, the complicated legislation designed to reform Wall Street after the financial crisis. Five years later, the debate still rages. Republicans denounce the reforms as a failure: “the big banks are bigger, the small banks...
