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Potential solution? Make the bank board and C-suite pay for all the insurance out of their own compensation packages. And the the bank fails it comes direct out
by tankerkiller 4y ago
Potential solution? Make the bank board and C-suite pay for all the insurance out of their own compensation packages. And the the bank fails it comes direct out of their pockets.
When the bank fails, they end up living on the streets for their mistakes, and will never (hopefully) be able to do it again to another bank.
- pjc50 4y agoThis was the "Lloyd's Names" situation: https://www.reuters.com/article/uk-financial-equitas-names-idUKL2058881720061020 https://www.reuters.com/article/uk-financial-equitas-names-i... ; although they weren't decision makers, they were a special class of investors.