Geithner says bankers' pay should be tied to performance:

09/11/2009 | Bloomberg

Treasury Secretary Timothy Geithner said bankers' compensation should be tied to their firm's long-term performance and subject to "claw-back" provisions. "You want compensation to come substantially in the form of equity in the firm that vests over time, that is at risk, that can be clawed back if returns don't materialize," Mr. Geithner said. "You're seeing some initial signs of change in that direction."

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