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Bartlett Naylor
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Bartlett Naylor is an expert on corporate governance, financial markets and shareholder rights. He was previously a consultant for Capital Strategies Consulting, the Director of the Office of Corporate Affairs for the Teamsters Union, and the Chief of Investigations for the U.S. Senate Banking Committee. Naylor has been quoted in The Wall Street Journal, The New York Times, The Washington Post, The Huffington Post, The Hill, The Washington Times, Dow Jones, among other media.

Entries by Bartlett Naylor

Defending the Bullies

(0) Comments | Posted August 7, 2015 | 10:03 AM

On August 5, 2015, the Securities and Exchange Commission (SEC) voted 3-2 in favor of a final rule requiring public companies to disclose CEO pay as a multiple of the median-paid employee. The rule was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, but languished at the...

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Incredibly Guilty -- Washington Wants the Loot Back

(0) Comments | Posted July 16, 2015 | 11:11 AM

Accountants guard their profession from accusations of excitement with euphemism. Doctoring results is "earnings management," an auditor's F is a "qualified opinion," and if a firm must fix its screwed up figures, that's a "restatement."

Somehow, the graphic term "claw back" has infiltrated the staid industry's lexicon. Whether or...

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Mary Jo Wait

(0) Comments | Posted June 2, 2015 | 12:10 PM

In the age of Big Data, corporate America knows a lot about us--our buying habits, where we travel, even our mental health. But ask Corporate America a simple junior high-level question in long division related to CEO compensation and some of these companies freeze like awkward teens at the sock...

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White Noise: 'I Trust Wall Street'

(0) Comments | Posted March 16, 2015 | 3:09 PM

On March 12 Securities and Exchange Commission Chair Mary Jo White publicly returned fire for the first time on the charge from outsiders and two of her fellow commissioners that her agency is soft on Wall Street.

Cut through her rhetoric, however, and what she seems to be implying...

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A Tale of Two Cases

(0) Comments | Posted March 10, 2015 | 3:58 PM

It is the best of times if you're a crook at a mega-bank. It is the worst of times if you're in debt and dare to omit information on your bankruptcy declaration. Consider two federal cases dealing with perjury during bankruptcy.

In case one, a Dallas woman named Estela...

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Would an Attorney General Loretta Lynch End 'Too Big to Jail'?

(0) Comments | Posted January 27, 2015 | 2:26 PM

This week the Senate enjoys an opportunity to secure a commitment that criminal mega-banks and their executives will be held to the same legal standards as smaller crooks.

On Jan. 28, 2015, the Senate Judiciary Committee opens two days of hearings to consider President Obama's nomination of Loretta Lynch...

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A Matter of 'National Security' (and Beer)

(0) Comments | Posted November 7, 2014 | 11:27 AM

Congress approved the Dodd-Frank Wall Street Reform Act in response to world financial calamity. Though delayed and diluted, the reform legislation has led to substantial improvements in consumer protections such as new requirements for regulation of swaps contracts. So those who seek to undo any of the popular...

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Decimate Wall Street

(1) Comments | Posted October 22, 2014 | 1:48 PM

The Roman army responded to desertion by randomly executing a tenth of those soldiers remaining. They called it decimation, derived from the word "tenth." This discipline, of course, prompted all soldiers to police against desertion so as to save their own skins.

New York Federal Reserve Bank President William Dudley...

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Bankrupt Gambling

(0) Comments | Posted October 15, 2014 | 10:51 AM

The bank gambling trade association and its regulators are giving each other high-fives over an agreement that supposedly makes it easier to bail out a failed mega-bank. Progress? If viewed from the vantage of an average taxpayer who finances bank bailouts, the progress is miniscule. And the circumstances that...

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Credit Suisse: Crime Without Punishment

(0) Comments | Posted October 14, 2014 | 10:38 AM

If punishment is meant to deter crime, then perhaps the reason Wall Street seems undeterred from committing crimes is the fact that it doesn't face punishment. Earlier this year, Credit Suisse pleaded guilty to a decades-long scheme to help Americans escape income taxes; but it has been a pain-free guilty...

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Does Carmen Segarra Explain Too Big to Jail?

(1) Comments | Posted October 9, 2014 | 5:12 PM

Nobody openly supports unequal justice.

When the Attorney General confided to Congress that some banks were too "large" to prosecute because it might cause systemic tremors, he was appropriately pilloried for declaring a "too big to jail" policy.

A recent disquieting episode sheds light on some of the interactions...

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Pay to Play: Reforming Municipal Finance

(0) Comments | Posted October 7, 2014 | 2:27 PM

Dr. Craig Holman contributed to this blog.

In addition to blowing up the world economy occasionally, Wall Street sometimes sets local fires as well. Consider Jefferson County, Alabama. Here, JP Morgan arranged finance deals to fix its sewer system that proved so expensive to the county that...

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Breaking Up (the Banks) May Not Be Quite So Hard to Do

(0) Comments | Posted August 20, 2014 | 2:40 PM

As America approaches the sixth anniversary of the 2008 financial crash, here's an encouraging thought: The mega-banks can be broken up. It's already in the law. Forty-one words of the 2,000-page Dodd Frank Wall Street Reform Act empower the regulators to take this step. To exercise this momentous power, the...

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Dodd-Frank at Four

(0) Comments | Posted July 17, 2014 | 11:03 AM

Dodd-Frank is four.

On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. As with human 4-year-olds, the party parents throw may be a little duller than on the first birthday, but the toddler now appreciates the present in the box more than the...

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Too Big to Jail Decisions Hide Behind Closed Doors

(1) Comments | Posted May 21, 2014 | 11:33 AM

For more than a decade, the Justice Department has increasingly relied on deals instead of courtrooms to address criminal corporate behavior. This record has been glaring with the large banks. And banking regulators are inevitably linked in this calculus.

In the weeks leading to the May 19 announcement of...

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The House Financial Services Services Committee

(0) Comments | Posted May 6, 2014 | 1:18 PM

If anyone wants to inspect firsthand the intersection of campaign contributions and legislation, they could take a field trip to the U.S. House of Representatives Financial Services Committee. Votes this week may be instructive. For accuracy, the House of Representatives really should rename it the House Financial Services Services Committee....

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A Conservative Executive Pay Plan

(0) Comments | Posted March 24, 2014 | 4:00 PM

Add House Republican tax leader Rep. Dave Camp (R-Mich) to those calling for sanity in executive pay scales.

On February 26 the chairman of the House Ways and Means Committee introduced a major overhaul of the tax code. One provision of his comprehensive package eliminates deductions for...

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Too Big to Jail Bank: I'm Sorry. Now Can I Go Back Out and Play?

(7) Comments | Posted March 29, 2013 | 12:44 PM

Standard Chartered Bank violated money-laundering laws. The fifth-largest British bank, and 41st largest in the world, laundered an awful lot of money (at least $250 billion, to be precise).

On Dec. 10, 2012, the U.S. government penalized it with a $327 million fine -- a paltry...

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Here's the Real Deal on the Volcker Rule

(2) Comments | Posted December 18, 2012 | 7:45 AM

There are 7,181 federally insured banks in the United States. After a new rule is implemented to stop banks from making risky trades, the business activities of 7,175 of these banks will remain essentially unchanged.

The Volcker Rule, among the most controversial aspects of the Dodd-Frank Wall...

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Wall Street's Top Cop?

(3) Comments | Posted December 4, 2012 | 3:06 PM

Any manager remotely associated with the demise of the nation's largest bank might seem an unlikely choice to head one of Wall Street's chief policing agencies. Yet Sallie Krawcheck, the woman who served as CFO of Citigroup in the run-up to the 2008 financial crash, is now on a short...

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