Elizabeth Warren, who chairs a congressional oversight panel for TARP, the Treasury's $700 billion financial bailout program, told Reuters television that the problem of misaligned incentives was hardly restricted to finance.
"In my view, it's not just lower pay on Wall Street, there's a larger corporate governance issue at stake here," said Warren.
"People are rewarded for short term gains even that may produce long-term losses," she said. "That's not a compensation scheme that ultimately benefits either the individual companies or the country at large."
http://www.reuters.com/article/americasRegulatoryNews/idUSN0618202620091106
