Saturday, March 14, 2015

The Wall Street Bonus Pool and Low-Wage Workers

The Wall Street Bonus Pool and Low-Wage Workers

"While workers’ wages stagnate, the Wall Street bonus culture is flourishing—in part because of regulatory foot-dragging. Nearly five years after the Dodd-Frank financial reform was signed into law, regulators have still not implemented Section 956 of that law, which prohibits financial industry pay packages that encourage “inappropriate risks"."