Quotes of the Day

Compensation practices at some banking organizations have led to misaligned incentives and excessive risk-taking, contributing to bank losses
Thursday, Oct. 22, 2009

Open quoteCompensation practices at some banking organizations have led to misaligned incentives and excessive risk-taking, contributing to bank losses.Close quote

  • BEN BERNANKE,
  • Federal Reserve Chairman, on the Fed's new plan to eliminate pay packages that had encouraged bankers to take reckless risks
Photo: Matthew Cavanaugh / EPA | Source: New York Times