It has the mainstream media railing against its apparent excesses and has little or no support from politicians. The bonus culture, if not yet dead, looks at least half-buried. The industry has to come up with a ‘fair’ – and, importantly, seen to be fair – scheme to reward market participants.
The ruminations of my old mucker got me thinking. Ostensibly, I took a huge pay cut to join Midland Bank as a junior trader back in 1985.
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