{"id":3507,"date":"2009-10-23T14:40:22","date_gmt":"2009-10-23T18:40:22","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3507"},"modified":"2011-02-24T14:49:46","modified_gmt":"2011-02-24T19:49:46","slug":"fed-guidelines-for-bank-pay","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/23\/fed-guidelines-for-bank-pay\/","title":{"rendered":"Fed guidelines for bank pay"},"content":{"rendered":"<p>In an effort to avoid unnecessary risk taking\u00a0in the financial services <img loading=\"lazy\" class=\"alignright size-full wp-image-3588\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/monayy.jpg\" alt=\"monayy\" width=\"252\" height=\"252\" srcset=\"https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/monayy.jpg 800w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/monayy-150x150.jpg 150w, https:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/monayy-300x300.jpg 300w\" sizes=\"(max-width: 252px) 100vw, 252px\" \/>industry, the Federal Reserve has issued <a title=\"guidelines\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/10\/22\/AR2009102202670.html\" target=\"_blank\">guidelines<\/a> regulating bankers&#8217; pay.\u00a0 Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says it&#8217;s a welcome step but not enough.<\/p>\n<p><em>What is missing is a recognition that the empowerment of shareholders through \u2018say on pay\u2019 and other governance changes is the most powerful way for controlling out-of-control pay practices.&#8221;<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an effort to avoid unnecessary risk taking\u00a0in the financial services industry, the Federal Reserve has issued guidelines regulating bankers&#8217; pay.\u00a0 Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says it&#8217;s a welcome step but not enough. What is [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491,1],"tags":[113,1918,577,1236],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3507"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3507"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3507\/revisions"}],"predecessor-version":[{"id":8391,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3507\/revisions\/8391"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}