Goldman Sachs CEO Lloyd Blankfein

Lloyd Blankfein, shown at the World Economic Forum in 2007, says most compensation should be in stock rather than cash, employees should be required to hold their shares for longer periods and firms should "claw back" previously paid bonuses if employee risk-taking leads to losses.

( Pierre Verdy / AFP/Getty Images / January 26, 2007 )

Lloyd Blankfein, shown at the World Economic Forum in 2007, says most compensation should be in stock rather than cash, employees should be required to hold their shares for longer periods and firms should "claw back" previously paid bonuses if employee risk-taking leads to losses.

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