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	<title>Vestopia's Blog</title>
	<link>http://vestopia.wordpress.com</link>
	<description>Know More About Your Future</description>
	<lastBuildDate>Mon, 01 Jun 2009 05:40:43 +0000</lastBuildDate>
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		<title>Wharton B School: Executive Pay is Broken</title>
		<description><![CDATA[Wharton finance professor Alex Edmans and a  group of colleagues propose linking an executive&#8217;s compensation to the  performance of the firm over a longer horizon.  The model resembles the idea outlined in previous posts of this blog: Regulate executive pay in the financial sector by linking it to the long term performance of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=64&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/05/31/wharton-b-school-executive-pay-is-broken/</link>
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		<title>How To Regulate Executive Compensation</title>
		<description><![CDATA[The main driver of this economic catastrophe was the behavior of some executives in the banking and financial industry. For this situation to be fixed, we need to alter the behavior of bankers and financiers. Here&#8217;s one way of doing it:
1. You regulate the compensation of all +$100,000 earners in any financial institution of certain [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=59&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/04/03/how-to-regulate-executive-compensation/</link>
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		<title>AIG SHOULD PAY $0 BONUS THIS YEAR</title>
		<description><![CDATA[The NY Times published yesterday part of a letter sent by A.I.G&#8217;s CEO to the Treasury Secretary Timothy F. Geithner, defending  $165 million in bonuses he wants to pay TODAY to executives in the same business unit that brought the company to the brink of collapse last year.
Just to make sure you all understand: [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=55&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/03/15/aig-should-pay-0-bunos-this-year/</link>
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		<title>Gordon Brown: Bankers&#8217; Compensation is Broken</title>
		<description><![CDATA[And here we are again: Gordon Brown, the U.K. prime minister, said today he was “angry that hard-working people are being squeezed because of banking mistakes” and called for an “urgent clean up and clear out” of the banking system, adding that “We must agree international principles to end that short-term bonus culture and instead [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=52&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/03/06/gordon-brown-bankers-compensation-is-broken/</link>
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		<title>Harvard Business: Exec Comp is Broken</title>
		<description><![CDATA[It&#8217;s was tempting to say out loud that &#8220;Great minds think alike&#8221; when reading David Chamption&#8217;s post on Harvard Business Review&#8217;s blog. We wrote here few times now that executive compensation&#8217;s best practices in the financial sector must be revised. Tax payers are forced to own these companies and hence overpay executives for poor performance. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=48&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/03/05/harvard-business-exec-comp-is-broken/</link>
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		<title>19.7 Billion in Losses? We&#8217;ll Double Your Pay</title>
		<description><![CDATA[February 10th, 2009: UBS, the world&#8217;s biggest banker to the rich, as a disastrous expansion into investment banking, reported a bigger-than-expected 8.1 billion Swiss franc ($7 billion) net loss in the fourth quarter and an annual loss of 19.7 billion francs, the biggest ever by a Swiss company and above predictions for 18.7 billion francs.
March [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=46&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/03/02/197-billion-in-losses-well-double-your-pay/</link>
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		<title>Vikram Pundit: Please Transform Into Entreprenurial Mode</title>
		<description><![CDATA[If Citigroup goes belly up, we are all into a really bad 2009.
So here&#8217;s what you, Vikram Pundit, CEO of City, need to do. It is what all Start-Up CEOs are doing these days, and you should do it too:

Your salary is already at $1. Great.
Cut the salary of anyone who reports directly to you [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=43&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/02/27/vikram-pundit-please-transform-into-entreprenurial-mode/</link>
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		<title>Madoff vs. Your Mutual Fund: Madoff Wins</title>
		<description><![CDATA[Cuban, as always, gets it right when it comes to &#8220;buy and hold&#8221; invesment strategies. This time, he suggest that investing in a mutual fund that tracks Dow or Nasdaq was a big mistake,  even in comparison to investing with Madoff.
Here is the quate from Cuban&#8217;s blog:

Lets go back in time 10 years and look [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=39&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/02/22/madoff-vs-your-mutual-fund-madoff-wins/</link>
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		<title>The Danger of Virtual Goods to Your Retirement</title>
		<description><![CDATA[The global market for virtual goods was estimated to exceed 2.1 billion dollars in 2007.  Virtual goods are what they sound: virtual clothes, virtual homes, virtual cars. I am hesitant to say how much of it was paid by U.S. consumers, but let&#8217;s assume that it was more than 80%.  It means that more than [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=35&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2009/01/18/the-danger-of-virtual-goods-to-your-retirement/</link>
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		<title>Boomers&#8217; Main Risk is Not Taking One</title>
		<description><![CDATA[News Flash: Boomers fail to face the truth that they face substantial gaps between their future desires and reality.
Oh, it&#8217;s not really news, they know it but not doing anything about it.
The growing healthcare costs, tagged with the current decline in housing and nest egg value, are forcing new ways of coping.  Boomers are essentially [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=vestopia.wordpress.com&blog=5931385&post=10&subd=vestopia&ref=&feed=1" />]]></description>
		<link>http://vestopia.wordpress.com/2008/12/30/boomers-main-risk-is-not-taking-one/</link>
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