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As the "special master" appointed by Barack Obama to rule on pay in firms receiving government bail-out money is discovering, this is a hopeless task.
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European banks now face stricter rules on pay than American ones, for example.
* Sum paid in shares, deferred for two years The new chief executive of HSBC is one banker who knows about disclosure rules on pay.
European banks were asking for a slap when new rules on pay were unveiled last week.
We need effective new rules on pay and bonuses at the banks.
In his letter, Cable warns of the risk of new rules on pay.
The board ruled on pay settlements in a postwar period of rising inflation fears.
The department has asked for a change in Treasury rules on pay.
The proposal is part of the Dodd-Frank financial overhaul legislation, which requires the S.E.C. to amend existing rules on pay disclosure.
"At Treasury, we anticipated that banks would seek to raise salaries in response to new rules on pay," Mr. Jackson said.
PAGE 22 Rewriting the Rules on Pay Just as Internet stocks have defied all rules of investing, Internet companies are reinventing the rules for executive pay.
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