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 â€œclawed backâ€ 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.
How Many Jobs Could We Fund with One CEO’s Compensation Package?
BEN FREEMAN – After hearing the hypocrisy of multi-millionaire CEO’s cry about job-losses for months, I finally decided to see just how many different jobs we could pay for with just one Pentagon contractor CEOs compensation package.
This is What #1 Looks Like
DAVID MORRIS – For Republican presidential candidates the phrase â€œAmerican Exceptionalismâ€ has taken on almost talismanic qualities. Newt Gingrichâ€™s new book is titled, A Nation Like No Other: Why American Exceptionalism Matters. â€œAmerica the Exceptionalâ€ is the title of a chapter in Sarah Palinâ€™s book America by Heart.