Bank regulators live in obscurity, diligently keeping the wheels of finance spinning. Then a crisis arrives, and they are thrust into view. No one embodied that more than William McDonough, former head of the NY Federal Reserve Bank, who died last week. He is perhaps best known for quelling the market panic when a big […]

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This is the season for tallying CEO compensation, and for shaming those who profited while shareholders suffered. I’m no defender of high CEO pay, but much of the reporting on it is inconsistent at best, and in many cases it’s highly misleading.  The problem arises from combining two things that should be separate: pay granted […]

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