A flag flutters in the wind outside the New York Stock Exchange (REUTERS/Chip East).
Getting Wall Street Accountability Right
November 19, 2012,
Robert Pozen argues that regulators should focus on holding liable individual executives rather than their corporate entities for wrongdoing that takes place on Wall Street. Pozen examines cases involving Bank of America and JPMorgan, finding the current approach too often punishes innocent shareholders instead of malfeasant company management.