Chris Kutz Wants a Downside Risk to Executive Pay

San Jose Mercury News, Nov. 27, 2008 by Christopher Kutz
http://www.mercurynews.com/opinion/ci_11089895

It squares with a basic moral conviction that we should help clean up our own messes, not leave them for others. When AIG or Fannie Mae executives parachute away from their dying companies, we’re cleaning up their wreckage. Liability would force managers to account for the risks they take with other people’s money.