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To make sure that this measure doesn't choke off economic recovery, a workable plan would impose compensation restrictions only after the economy improves and banks are recapitalized.
And then — those being the days when the league's commissioner, Larry O'Brien, was empowered to impose compensation to the team shorn of a player — it got worse.
There are two broad regimes for recognition of qualifications in the EU: (a) the sectoral system, based on common minimum training standards defined in relevant sectoral directives which lead to automatic recognition of the diploma; and (b) the "general system", which may require a case-by-case evaluation of the diploma by national authorities with the option to impose compensation measures [ 9].
The public authority should have no power to impose compensation below the actual cost of the services required.
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The court can also impose a compensation order forcing payments to an injured party.
Merrill's earnings were helped by the strong discipline it continues to impose on compensation costs, which remain low by Wall Street standards at 49percentt of overall revenues.
The uproar as word of the bonuses leaked out in March prompted the Treasury Department to impose new compensation restraints for all companies on government life support.
Mr. Geithner has already signaled a willingness to impose stricter compensation limits as part of a revamped approach to dealing with the banking crisis, but with his strong words on Thursday, Mr. Obama seemed intent on reassuring Congress and the public that he would step up the pressure on bankers before granting them additional assistance.
The rescue of Fannie Mae and Freddie Mac, and the $700 billion federal financial rescue package, impose executive compensation restrictions including the elimination of golden parachutes and provisions for claw backs.
The public authority should have no power to impose a compensation below the actual cost of the services required.
Some experts think similar restrictions should now be imposed on compensation consultants, too.Fixing executive pay will require more than just a few regulatory tweaks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com