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Exact(21)
Pay needs to fall, too.
A rise in the relative rate of pay needs longer to take effect where proficiency takes long to acquire.
Even so, most people's productivity does eventually decline with age; and pay needs to reflect this falling-off.
The new finance minister Michael Noonan said the whole issue of banking pay needs to be re-examined.
Morgan Stanley boss James Gorman says anyone who does not understand falling pay needs a reality check.
And the balance between these motives will affect the amount by which their pay needs to be raised in order to make them less corruptible.
Similar(38)
The pay needed to be at the median was up 1 percent.
(Others owed back pay need to apply to the bankruptcy judge).
The lesson is that even in the euphoria of exiting bankruptcy, those defining company bosses' pay need to think ahead.
But in order to accomplish these important objectives, significant amounts of pay need to be tied closely to performers.
Reforming the way bankers and traders are paid needs to be part of a newly regulated financial system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com