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Executive compensation needs to become part of the reform agenda.
Sorkin says that executive compensation needs to be coupled with regulation to change the "ethos" of Wall Street.
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He said that executive compensation and foreclosures needed to be addressed.
PayScale, a compensation information company based in Seattle, assembles lists of executive compensation because businesses need to make comparisons between corporate leaders and understand their markets and competition, the company's senior editorial director, Lydia Frank, told VICE News.
Anybody who cares about the integrity of our capitalist system, the need for corporate governance and executive compensation reforms, and the need to eradicate short-termism as the dominant focus of Wall Street, should read the SEC's complaint against Dell.
With the American auto industry on life support and the public enraged about executive compensation in general, there clearly needs to be a new way to pay the chief executive officer of General Motors.
The chief executive of Goldman Sachs, Lloyd C. Blankfein, says Wall Street compensation needs to be overhauled.
I personally think that this global information is what shareholders need to know about executive compensation, from an economic point of view.
They need to change the context of chief executive compensation.
But recent agreements altering executive compensation, imposing monitors, and implementing detailed compliance reforms are exactly what we need.
The recent public outcry over "excessive" executive compensation seems to have coalesced into nearly universal agreement that fundamental change is needed to curb abuses, and that the change must come from the government or shareholders, not corporate America.
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