Extract . . .
The word on the street is that the 27 member Committee of European Banking Supervisors is about to recommend a formal limitation on the size of bankers’ bonuses. All the signs are that the cap will take the form of a multiple of basic pay beyond which bonuses may not extend – 20 times being the most oft-mentioned figure.
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http://www.managementtoday.co.uk/bulletin/mtdailybulletin/article/1033920/eu-prick-bank-bonus-bubble/
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