The measure of success

Compensation reform

The scrapping of executive bonuses is viewed by the general public as a belated but just consequence of bankers' greed - punishment for causing the current global economic recession. For those institutions on the brink of bankruptcy treading cap in hand for government rescues - under the scornful eyes of taxpayers - forgoing top-level remuneration has been a shrewd public relations move.

However, these initial emotive reactions to the financial crisis are relatively superficial. The real changes

To continue reading...