Comments on: Clawbacks Coming? http://www.ritholtz.com/blog/2009/08/clawbacks-coming/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 15:29:45 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Kimble http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-206088 Kimble Wed, 19 Aug 2009 09:38:56 +0000 http://www.ritholtz.com/blog/?p=35702#comment-206088 Yeah, clawback the money! but not from the traders. Big surprise. Yeah, clawback the money! but not from the traders. Big surprise.

]]> By: TheTradingReport » Blog Archive » Clawbacks Need to Target the Right People http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205779 TheTradingReport » Blog Archive » Clawbacks Need to Target the Right People Tue, 18 Aug 2009 18:01:56 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205779 [...] Regulators should go after overpaid bank executives, who were “vastly overcompensated for helping to drive their firms into the ground,” but not profitable traders, like Citi’s Andrew Hall who’s the “poster boy for misplaced clawback efforts,” FusionIQ CEO Barry Ritholtz says. [...] [...] Regulators should go after overpaid bank executives, who were “vastly overcompensated for helping to drive their firms into the ground,” but not profitable traders, like Citi’s Andrew Hall who’s the “poster boy for misplaced clawback efforts,” FusionIQ CEO Barry Ritholtz says. [...]

]]> By: Clawbacks Need to Target the Right People - MarketBeat - WSJ http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205768 Clawbacks Need to Target the Right People - MarketBeat - WSJ Tue, 18 Aug 2009 17:44:41 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205768 [...] By Steven RussolilloRegulators should go after overpaid bank executives, who were “vastly overcompensated for helping to drive their firms into the ground,” but not profitable traders, like Citi’s Andrew Hall who’s the “poster boy for misplaced clawback efforts,” FusionIQ CEO Barry Ritholtz says. [...] [...] By Steven RussolilloRegulators should go after overpaid bank executives, who were “vastly overcompensated for helping to drive their firms into the ground,” but not profitable traders, like Citi’s Andrew Hall who’s the “poster boy for misplaced clawback efforts,” FusionIQ CEO Barry Ritholtz says. [...]

]]> By: Media Appearance: MSNBC’s Morning Meeting | The Big Picture http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205598 Media Appearance: MSNBC’s Morning Meeting | The Big Picture Tue, 18 Aug 2009 13:46:00 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205598 [...] with Dylan Ratigan & Co. on MSNBC’s Morning Meeting at 10:00 am. We will be discussing executive clawbacks, TARP, and the usual [...] [...] with Dylan Ratigan & Co. on MSNBC’s Morning Meeting at 10:00 am. We will be discussing executive clawbacks, TARP, and the usual [...]

]]> By: Daily Digest for August 18 » New Deal 2.0 http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205586 Daily Digest for August 18 » New Deal 2.0 Tue, 18 Aug 2009 12:58:06 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205586 [...] Coming? (BigPicture) Barry Ritholtz criticizes the lavish compensation schemes paying absurd amounts regardless of risk [...] [...] Coming? (BigPicture) Barry Ritholtz criticizes the lavish compensation schemes paying absurd amounts regardless of risk [...]

]]> By: aupanner http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205502 aupanner Tue, 18 Aug 2009 02:30:53 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205502 ahab, i didn't mean to refer to him in high regard at all. i simply meant his actions earned money. of course playing with OPM is not "risk". but he did what he was hired to do, nailed it, and earned his pay. too bad for him that one "bet" he made didn't play out - his counter party risk with C as the payer of his bonus didn't pan out (or shouldn't). funny, that's the one "position" he did take that put him at risk, and it was a zero (should be). i don't mean to sound like a dick. i mean the guy "earned it" according the rules of his game and would deserve it if C had it. but they don't. ahab, i didn’t mean to refer to him in high regard at all. i simply meant his actions earned money. of course playing with OPM is not “risk”. but he did what he was hired to do, nailed it, and earned his pay. too bad for him that one “bet” he made didn’t play out – his counter party risk with C as the payer of his bonus didn’t pan out (or shouldn’t). funny, that’s the one “position” he did take that put him at risk, and it was a zero (should be). i don’t mean to sound like a dick. i mean the guy “earned it” according the rules of his game and would deserve it if C had it. but they don’t.

]]> By: philipat http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205472 philipat Tue, 18 Aug 2009 00:18:50 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205472 Agreed BUT even the succesful Trader in a PUBLIC Company should be compensated in PART on the total performance of the Company. If he doesn't like it, he is free to leave and trade with his own capital. Agreed BUT even the succesful Trader in a PUBLIC Company should be compensated in PART on the total performance of the Company. If he doesn’t like it, he is free to leave and trade with his own capital.

]]> By: Evening Reading: Clawing Back Executive Pay - Deal Journal - WSJ http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205456 Evening Reading: Clawing Back Executive Pay - Deal Journal - WSJ Mon, 17 Aug 2009 23:29:40 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205456 [...] By Stephen GrocerThe claw back is coming: Obama administration pay czar Kenneth Feinberg says he has the authority to “claw back” money already paid to executives at the seven companies whose pay plans he will review, the Martha’s Vineyard Times reports. Barry Ritholtz has no problem with Feinberg going after executives “who were vastly overcompensated for helping to drive their firms into the ground.” He just doesn’t think the government should be going after Andrew Hall. “There are some who seem to think that people earning lots of money is inherently wrong. My position is simple: If you legitimately earn millions or even billions of dollars, well then, chalk one up for being in the right place at the right time with the right idea. Guys like Steve Jobs, John Paulson, and Jim Simons earn billions, and their shareholders/investors are thrilled to pay them it… My bone of contention is with the crony board members awarding outlandish pay for non-performance,” Writes Ritholtz. [...] [...] By Stephen GrocerThe claw back is coming: Obama administration pay czar Kenneth Feinberg says he has the authority to “claw back” money already paid to executives at the seven companies whose pay plans he will review, the Martha’s Vineyard Times reports. Barry Ritholtz has no problem with Feinberg going after executives “who were vastly overcompensated for helping to drive their firms into the ground.” He just doesn’t think the government should be going after Andrew Hall. “There are some who seem to think that people earning lots of money is inherently wrong. My position is simple: If you legitimately earn millions or even billions of dollars, well then, chalk one up for being in the right place at the right time with the right idea. Guys like Steve Jobs, John Paulson, and Jim Simons earn billions, and their shareholders/investors are thrilled to pay them it… My bone of contention is with the crony board members awarding outlandish pay for non-performance,” Writes Ritholtz. [...]

]]> By: Pat G. http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205433 Pat G. Mon, 17 Aug 2009 22:37:11 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205433 Having the power and actually wielding that power are two distinctly different issues. I think the USG is the poster child for that confliction. Having the power and actually wielding that power are two distinctly different issues. I think the USG is the poster child for that confliction.

]]> By: call me ahab http://www.ritholtz.com/blog/2009/08/clawbacks-coming/comment-page-2/#comment-205424 call me ahab Mon, 17 Aug 2009 22:13:52 +0000 http://www.ritholtz.com/blog/?p=35702#comment-205424 "Andy Hall didn’t make anything. he just re-allocated money in the system. Sucked it out of the market. Good for him, and he earned it. He took the risk" hahahaha- what was his risk exactly? -outside of being fired- because he is not betting with his own money- so why not bet large-nothing to lose and everything to gain- don't hold people like him in such high regard “Andy Hall didn’t make anything. he just re-allocated money in the system. Sucked it out of the market. Good for him, and he earned it. He took the risk”

hahahaha- what was his risk exactly?

-outside of being fired- because he is not betting with his own money- so why not bet large-nothing to lose and everything to gain-

don’t hold people like him in such high regard

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