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.

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...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.