Paul J DaviesGood incentives for blowing the whistle on bad behaviour are great. But $200m is a hell of a big prize.
The $200m is just a mind-bending amount of money. Good incentives are important and you need some way of calculating them, so the question is where, or if, we draw a line. This year, the SEC celebrated having paid more than $1bn in total awards — that’s a lot of bad behaviour! But it’s also a lot of justice served. Other countries, like the UK or Germany, have their fair share of financial scandal but are often criticised for failing to nail those responsible. They also have weaker whistle-blower protection, impose smaller penalties on firms and don’t pay rewards.
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