A D & O Diary post includes some interesting back and forth proposals by smart people about whether highly paid financiers should be required to have personal money at risk as a deterrent to excessive risk taking. Much of the premise is tied to the stories of highly paid executives walking away unscathed and unburdened following financial fiascos. It’s an interesting debate.
Until solutions are created, the litigation industry will continue to grow. Indeed, but for the TwIqbal rulings, it might well be that litigators would be drowning today in financial litigation. Debate continues on quantifying the financial consequences of TwIqbal – see here from the originators fo the term.