TITLE

Are bonuses to blame for banking's downward spiral?

AUTHOR(S)
Brockett, James
PUB. DATE
October 2008
SOURCE
People Management;10/16/2008, Vol. 14 Issue 21, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the possible role of city bonuses in the banking crisis. There is a growing consensus that bonuses should be risk-adjusted to reflect how profits have been made. According to Chartered Institute of Personnel and Development (CIPD) adviser Charles Cotton, bonuses have become a recruitment and retention tool rather than a reward for good performance.
ACCESSION #
34969975

 

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