CEO pay

The Federal Reserve on Thursday proposed a new program of monitoring executive compensation at the nation’s largest financial institutions, a move designed to prevent banks from using pay incentives that encourage risky transactions like those that recently toppled the global economy.

The CEO of Netflix, the wildly successful Internet company that rents DVDs via the mail, says President Obama is off the mark in trying to cap executive compensation. In an op-ed in The New York Times today, Reed Hastings writes that the government should take in taxes half of the huge paychecks that CEOs of [...]