Treasury Secretary Timothy Geithner wants reform of corporate incentives, rather than capping executive pay. He said yesterday, during a Newsweek-sponsored luncheon, "I don't think our government should set caps on compensation," even for companies getting TARP money. He pointed out, "You had a crisis magnified by the fact that people were paid to take a huge amount of short-term risk. And that's something that's preventable...I think we can bring about broader reforms of compensation incentives in finance as a whole. We’ll make it much less likely that people get paid to take large amounts of short-term risk at the expense of their firm and the system as a whole." He suggested instead that the government require that compensation be tied into long-term performance.