Compensation culture
Salaries and incentives at financial services firms are coming under attack from politicians around the world. Ellen Davis considers whether the attacks are justified, and solutions to the problem
Thanks to the subprime crisis and resulting credit crunch, compensation and incentive schemes at financial services firms are a new risk management frontier. Regulators, politicians and shareholders around the world are baying for blood - pointing out with some justification that current remuneration packages at financial services firms do not align the risk profile of the firm and specific
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