May 26, 2011
I lost almost half of my investments due to the market collapse. People who are responsible are far too isolated in lifestyle and principals to control themselves or act responsibly with appropriate limits.
One way to change the incentives so Wall Street doesn’t collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains.
If it turns out that the profits in a given year were built on shoddy practices that become clear in the out-years, those bonus payments should be forfeited.
Thank you for considering my comment,
Willam Mundy
Felton, CA