Exact(60)
Carelessly constructed bonus schemes may encourage senseless risk-taking.
He'd come up with complicated bonus schemes for productivity and given doctors budgets to oversee.
The company even bases its bonus schemes for top management on ebitda.
Other banks also incentivised sales through bonus schemes, so may come under the regulator's scrutiny.
Bankers, their pay and bonus schemes, their dishonest activities and reckless judgment?
I am not advocating outlawing bonus schemes by legislation, or insisting on repayment of past bonuses.
The bonus schemes of Lloyds TSB, Bank of Scotland and Halifax were similar but not identical during the period.
In December he cashed in £5m of shares in Barclays that he had earned under previous bonus schemes.
Bankers' bonus schemes are also being examined by the financial regulator to see whether they encourage excessive risk-taking.
That crisis was partly about duff bonus schemes and the likes – but it was primarily about the grip finance has on politics and therefore on us.
Barclays is, however, handing him shares expected to be worth around £2m to buy him out of bonus schemes he still has from JP Morgan.
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