Last Week in Words

MONDAY
"It's entirely possible, and in some of these high-profile banks very likely, that the most highly compensated individuals are not the CEOs."

Nora McCord, an executive compensation consultant, explaining why banks may compare favorably to other industries when all public companies are required to compare their median employee pay to their CEO's.

 

TUESDAY
"They can directly get their hands on documents, and be in a far better position to take action. They have a leverage that an ordinary private-label investor wouldn't have."

Ken Kohler, of Morrison & Foerster, on the Federal Housing Finance Agency, which subpoenaed Wall Street firms for information on bonds they sold to the GSEs. 

WEDNESDAY
"There is a bit of a short supply in the high-quality bank ranks. It is a big problem going forward because nobody is building them. Not that many banks are training baby bankers today."

Thomas Watkins, an executive recruiter. 

THURSDAY
"I know it's drastic but drastic times call for drastic measures and I just can't wait."

Alex Sanchez, the president of the Florida Bankers Association, who asked regulators to suspend higher capital requirements for his members for 12 months, citing the Gulf oil spill's effects. 

FRIDAY
" We don't like to release loan-loss reserves. We don't consider that earnings. I've always called that ink on paper. It means nothing, OK?"

Jamie Dimon, the chairman and CEO of JPMorgan Chase.
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