Wall Street’s New Pay Czar: ‘It’s Like Nixon in China’ [Deal Journal]

U.S. to Propose Wider Oversight of Compensation [NY Times]

Bank's Plight Sours: Wells Fargo in Limbo [NY Post]

A Study in Why Major Law Firms Are Shrinking [NY Times]

Women told to find opportunity in the crisis [The Guardian]

People

Morgan Stanley hires UBS derivatives heads: memo [Reuters]

Whitney George named Co-Chief Investment Officer of Royce & Associates [Royce via BW]

Fed hires former Enron lobbyist to burnish its image [Naked Capitalism]