Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Bankers Still Overpaid Despite Poor Performance

Aarti Maharaj | November 25, 2015

In light of the financial crisis, many companies have found ways to do more with less. In other words, cutting back on resources and maintaining costs while keeping compensation and bonuses under control have worked for many companies as they tried to emerge from the deepest recession. But for bankers, they are still being too much, said Deutsche Bank Chief Executive John Cryan at an academic conference earlier this week.

In a Reuters article, Cryan told the audience that corporate governance is an important part of maintaining soaring compensation. “Compensation is still too high,” Cryan told the conference. “We’ve just paid people too much across the board.”

Cryan said that seven years after recession, traders were immediately rewarded for profits that could have easily slipped away.  “Many people in the sector still believe they should be paid entrepreneurial wages...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.