The European Union is moving to place an iron leash on bank pay. New rules approved Thursday would put strict caps on bankers’ bonuses. That’s Europe’s latest response to widespread anger at financial firms in the wake of the economic crisis....“We have not in the States, at least so far, really gone down a path of capping pay,” says Stanford professor Dave Larcker, who studies corporate pay. “I’d be very surprised if you sort of see hard caps come out in the States.”

www.marketplace.org/topics/business/why-wall-street-pay-wont-be-curbed-ever