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We need new metrics and measurement tools – and new bonus and remuneration systems to underpin them.
A new bonus plan for teachers announced this week takes a smart approach to the process.
But as things stand, the pain from the new bonus rules looks likely to be felt only by the bankers.
Mr. Girsky said G.M. might also offer stock to union members as part of a new bonus plan.
But some analysts say they expect the new bonus tax that will be introduced later this year will help offset some of that drop in tax receipts.
"And when you've spent a year and a half on a [10-track] album," Blake says, "you don't want to be told to write five new bonus tracks".
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And that new bonuses rules have been introduced.
These two decisions explain the fall from 469 new bonuses to 48 within a year.
Investors said the bank failed to consult them properly about new bonuses for chief executive Peter Sands and other top managers.
Unlike RBS, Lloyds – which made a small profit of £415m in 2013 – did not make any announcement about new bonuses awarded for 2013.
Investors said the bank failed to consult them properly about new bonuses for its chief executive, Peter Sands, and other top executives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com