Continued Interest in Hill-Painter Proposal
Professors Claire Hill and Richard Painter's ideas about making investment bank executives take some form of personal liability for losses are catching the eye of business writers and bloggers. On Dec. 4, 2009, the NYT blog "The Deal Professor" featured Hill and Painter's article, "Berle's Vision Beyond Shareholder Interest: Why Investment Bankers Should Have (Some) Personal Liability," forthcoming in the University of Seattle Law Review. Subsequently, Alain Sherter wrote in his Dec. 7 bNet Financial Services blog that "Two University of Minnesota law professors have a neat—and commonsensical—way to treat Wall Street for its gambling addiction" (http://industry.bnet.com/financial-services/10005339/how-to-beat-wall-street-at-its-own-game).
Seneca Doane wrote in her blog, Daily Kos, that "Hill and Painter provide an eye-opening insight into how we could make a big dent in the problem of overcompensating financial services executives" (www.dailykos.com/story/2009/12/7/811812/-Law-profs-figure-out-two-ways-to-leash-the-bankers). Doane is so on-board with Hill and Painter's proposal that she encourages her readers to write to Congress and the President to make it into reality.
Seneca Doane wrote in her blog, Daily Kos, that "Hill and Painter provide an eye-opening insight into how we could make a big dent in the problem of overcompensating financial services executives" (www.dailykos.com/story/2009/12/7/811812/-Law-profs-figure-out-two-ways-to-leash-the-bankers). Doane is so on-board with Hill and Painter's proposal that she encourages her readers to write to Congress and the President to make it into reality.