What we're going to do is redouble our efforts on…
“What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Advocates stronger financial regulation focusing on long‑term compensation to curb short‑term risk.
In simple terms: Regulation should align pay with long‑term goals.
Key Takeaway
Support policies that tie rewards to sustainable outcomes.
Themes
economics
regulation
corporate governance
Mood
analytical
cautious
Type
policy
economic
When to use this quote
- board meetings
- shareholder votes
- policy drafting
Key Concepts
Financial policy
risk management
Questions to Reflect On
- How can regulators enforce long‑term incentives?
- What risks arise from misaligned compensation?
A Different Perspective
Implementation may face industry resistance.