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Paper: Bank Pay Not Much Better Post-Crisis

Melissa Klein Aguilar | December 1, 2010

Wall Street pay practices have improved somewhat since the global financial crisis of 2008, but banks still aren't tying compensation to long-term gains in performance, a whitepaper commissioned by the Council of Institutional Investors says.

Little or no Wall Street compensation was linked to long-term future performance measures, according to the report, "Wall Street Pay: Size, Structure and Significance for Shareowners." A lack of long-term performance measurement and high absolute levels of compensation likely helped to fuel excessive risk-taking by Wall Street executives that brought financial markets to the brink of collapse in 2008, writes author...

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