As the Obama administration looks for ways to reform executive pay in the banking industry, novel ideas are surfacing on how to move away from stock options as a key component of compensation.
Treasury Secretary Timothy Geithner is expected to issue rules as early as next week on how bailed-out banks must limit their executives' pay. He is also working on ways to reform the compensation practices of the entire banking industry to discourage a focus on short-term gains and undue risk-taking.
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