ritholtz.com - 8/2/2009
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“There’s a huge disconnect between what the average American worker receives in terms of compensation and some of what we’re hearing about on Wall Street. We do believe that when the taxpayer monies are invested that compensation should be fair.”
-White House senior adviser Valerie ...
bloomberg.com - 8/1/2009
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bloomberg.com —
Aug. 1 (Bloomberg) -- White House senior adviser
Valerie Jarrett said compensation on Wall Street shows a...
“huge disconnect” from what most Americans are paid and “checks and balances” are needed to prevent another financial crisis. “There’s a huge ...
(more)
Wall Street Executive Pay Shows ‘Huge Disconnect,’ ...
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Sunday Morning Coffee: Shucks and Awe
Technically Speaking, Market Analysis and Theory —
... finds a replacement who assumes his name and role, while the original goes on to a cushy retirement. Life imitates art, whether it's the Temptations or the Four Tops replacing aging veterans, or The Dread Pirate (fill in the Banker), who argues that only via pirates' booty can (s)he do the awesome task of handling money and sometimes losing it all, amidst the turmoil that is business, credit cycles, and of course, the overwhelming stress. I value Barry Ritholtz's site for its iconoclastic candor, but it rubbed me the wrong way yesterday. ...
Sunday links: why history matters
Abnormal Returns —
... fees? (Marketwatch)
Investor risk questionnaires are getting a post-crisis make over. (BusinessWeek)
The IRS is sniffing around college endowments. (Barron’s)
So much for the adjustment in banking pay that was supposed to occur post-crisis. (Real Time Economics also Clusterstock, Big Picture)
“In other words, you [Andrew Cuomo] could ...
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