A federal regulation of executive pay that we can support

Posted by Marc Hodak on November 8, 2009 under Executive compensation | Be the First to Comment

Bruce Yandle’s modest proposal:

But the chief concern is not with presidents and vice presidents of too-big-to-fail banks and other bailed-out enterprises. As large as they are, they are small potatoes relative to the big generators of systemic risk. The critical concern is with top government executives who can create national and international panic, lay the groundwork for international inflation or deflation, and just by voting and writing regulations can change the risk profile of entire industries.

Similar in spirit to my earlier proposal here.