Sallie Krawcheck, former CEO of Merrill Lynch Wealth Management, sits down with “Viewpoint” host Eliot Spitzer to discuss her Harvard Business Review article which outlines ways to change the culture and structure of banks to help prevent another financial crisis. Krawcheck suggests altering CEO pay packages as a way to mitigate risk: “Bond holders are much more risk averse. And so the idea is, rather than pay executives fully in stock and cash, how about stock, cash and debt in order to reduce their risk tolerance?”
