EU bonus cap doubted by industry experts
1:2 maximum is "poorly thought through"
The European Parliament's decision to cap bankers' bonuses so they can be no larger than base pay has today been widely criticised by experts in the industry.
"It has been poorly thought through and is yet another example of politicians trying to win popularity by bashing bankers," says Stephen Brooks, people management and organisational change expert at PA Consulting Group in London.
Members of the European Parliament (MEPs) last night agreed on a mandatory 1:1 ratio of base salary to variable
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