Smedley, Tim
July 2011
People Management;Jul2011, p22
The article focuses on the issue about the role bonuses played in the financial crisis of 2007 and 2008. Tony Williams, human resources director at RBS, says the outsized returns that investment banks made for investors prior to the crisis were motivated by bonuses. Robert Potter, head of the City HR Association, cites that remuneration may have contributed to the environment in which the crisis happened. The European Union and Great Britain have established regulatory requirements on how pay should be structured and disclosed.


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