No one outside the banking industry itself – precious few inside it even – can stomach how much investment bankers and traders get paid. It’s the topic that simply won’t go away. Credit Suisse has made a bigger effort than most to incorporate all the latest best practice principles on pay – linking it to the bank’s medium-term return on equity, ensuring payouts are deferred and subject to claw-back if divisions turn loss-making.
But no one outside the industry cares about this stuff.
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