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According to Richard Duvall, Zopa's chief executive, interest rates on Zopa have averaged 7% before bad debts (of which there have so far been none).
"A year ago, these people would probably have said, 'Wait a minute, this company is too small, I don't think I want to do this.' " Executive interest in the private sector may even be exceeding demand.
Wilson et al. point out that US government agencies face multiple principals, such as legislative, judicial, executive, interest groups, society, and media (Wilson 1989; Dewatripont et al. 1999).
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Some argue that does a better job of aligning executive interests with those of shareholders.
Ms. Kagan's history, by contrast, suggests a greater sympathy for executive interests.
So boards and executives granted stock options and restricted stock, on the theory that this would better align executive interests with those of the shareholders.
The group said it "cannot be emphasized" how far BSkyB is from a "clear and transparent" compensation framework where shareholder and executive interests are aligned.
He said the program was intended to pass on ancient skills, not turn a profit, and has drawn interest from lawyers and a music executive interested in butchery as a second career.
Years ago, they endorsed the spread of stock options in the belief that options aligned executive interests with their own; then they saw executives manipulate earnings reports to pump up their options.
The Roundtable agrees with Mr. Norris that shareholder and chief executive interests should be aligned; in fact, we have always supported pay for performance, transparency and timely disclosure of executive compensation.
But Mr. O'Neill, who speaks with the bluntness of an executive interested in uncovering a glitch in the manufacturing line and getting it fixed, says he is not interested in sugar-coating bad economic news.
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