former federal reserve chairman william chesney martin said the job is to take away the punch bowl when the party starts getting interesting. likewise, risk managers must have the independent stature and pay to take the car keys away when they believe a temporary good time may be creating even a small risk of a major financial accident down the road. fourth, we should examine whether the prevalence of golden parachutes and supplemental retirement packages from the aligned the interest of executives with shareholders. bebchuk will be speaking to provide its tickets with substantial amounts of stealth compensation not transparent to shareholders that is largely decoupled from performance. and concerning golden parachutes, there is more evidence they are prevalent, not tied to performance or even mergers and acquisitions, and i fear that they leave the understandable in persian there's a double standard in the economy when the top executives are rewarded for failure at the same time working families are forced to sacrifice. finally, we believe that it is important to have greater transpare