DAVID MCCANN – At a time when news of banking scandals is uncomfortably frequent, a new report says that last year only 17% of global banking organizations “clawed back” compensation payments previously made to employees. The survey of financial-services institutions by the consulting firm Mercer was not expansive, with only 42 banks participating (in addition to 18 insurance companies and three other types of firms). Still, the results may suggest that regulators are not achieving the objectives of their persistent calls for banks to implement clawback policies.
ERIN NIEMELA – About a week ago I had the unfortunate experience of being followed off a bus on a dark corner. The man who followed me made it clear that he intended harm – even growling at me as I hastened into a nearby open market. The experience was benign compared to many others I’ve had, but it compelled me to revisit my understanding of and beliefs in feminism.