+Economy & Policy | 1496 days ago

The case for clawing back some of that Wall Street pay

By wpcomimportuser1

The University of Chicago’s Ragharam Rajan has a smart piece in the FT on one of my favorite topics–the fact that many people in the financial sector get paid big bucks each year for taking bets that will inevitably go sour a few years down the road. They’re producing not alpha, which is true investment [...]