Description:   Intent on fixing a banking system that contributed heavily to the recent financial crisis, lawmakers and regulators pushed Wall Street to overhaul its pay practices. Big banks responded by shifting more compensation into stock, a move intended to align employees’ interests more closely with those of investors and discourage excessive risk-taking.

Source:  NYTimes.com
 
Date: 02/05/2011

Link: http://dealbook.nytimes.com/2011/02/05/stock-hedging-lets-bankers-skirt-efforts-to-overhaul-pay/?ref=business

Questions for discussion: 

• Summarize the report and the concerns with Wall Street behaviors.
• Do you believe there is a need for more regulatory involvement and if so, what should it be?