My hope is that all banks will not only comply with the letter of the law, but also with the spirit of it as well, offering reasonable pay for performance, as well as pay that is appropriately sensitive, or leveraged, to performance.
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They would continue to pay compensation rather than disclose sensitive information in public, causing serious "reputational damage".
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The top rated schools sell prestige along with their education and there are still enough Americans and foreigners who can afford to pay the full going rate and are not price sensitive.
You get the extra money from those willing to pay more and still keep the revenues from the price sensitive.
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Why aren't they as sensitive to their customers' time, especially that of business travelers, who pay a disproportionately high share of airfares because they can't make unbreakable reservations a month or two in advance the way vacationers can?
Their proposals include timely publication of share-sensitive information, sanctions against ineffective supervisory boards and an overhaul of top managers' pay.
The lawsuits come at a particularly sensitive time for Morgan Stanley and the brokerage industry which recently came through a separate pay-to-play scandal involving mutual funds.
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Pay cuts are more likely at firms whose demand for labour is price-sensitive, such as those in highly competitive industries.
The White House does not have a role in assigning pay for this independent agency, but I think more broadly, everyone needs to be sensitive to and responsive to the frustration that is being expressed by Americans all over the country about what they feel is an imbalance, perhaps, in these kinds of areas.
The issue of taxation is a sensitive one for Afghanistan, which is increasingly assertive of its sovereignty yet remains dependent on international largess to pay for its military and police.
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