Banks Looking for ‘Right Thing’ on CEO Pay, Krawcheck Says
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Big banks are struggling to find the best way to compensate their chief executive officers, said Sallie L. Krawcheck, former head of wealth management for Bank of America Corp.
“Each bank is working hard to find the right thing,” Krawcheck said today in a television interview on “Bloomberg Surveillance” with Tom Keene. “The real question when you look at some of these plans is, ‘Are we seeing it through a cycle? And are we rewarding the right behavior?’”