Last week, the U.S. Internal Revenue Service finally proposed long-awaited regulations--some 238 pages' worth of them--interpreting a law passed a year ago reining in deferred-compensation deals for executives.

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The carry allows general partners in investment deals to receive compensation in the form of tax-advantaged capital gains, which are taxed at 15 percent, rather than as salary, which would be taxed as ordinary income with a top rate of 35 percent.

FORBES: Carlyle Group, Bain Capital, And The Tax Treatment Of 'The Carry'

New York State attorney general Eliot Spitzer has made some small progress toward cleaning up the industry: increasing disclosure of conflicts of interest and separating analysts' compensation from specific investment-banking deals.

CNN: More reform and less hot air

The government denied claims it refused to press for compensation because of fears of jeopardising oil deals with Libya.

BBC: 'U-turn' for PM on Libyan pay-out

The employment contract of former Salomon Smith Barney telecom analyst Jack Grubman granted him compensation both for bringing in specific investment banking deals and for generating stock trading volume in the issues he covered, according to an attorney familiar with the document.

FORBES: Magazine Article

The WICB said the two sides had discussed possible compensation for players required to give up individual endorsement deals.

BBC: SPORT | Cricket | Other International | West Indies | Windies players told to back down