Deutsche Bank co-chief executive doubts whether people work that much harder for the promise of a bonus,including himselfBankers still earn too much for simply turning up to work to handle other people’s money, according to John Cryan, and the joint boss of Deutsche Bank.
British-born Cryan,who took over as the co-chief executive of Germany’s biggest bank in July, included his own pay deal in his criticism of rewards more akin to those earned by self-made tycoons. He also said that, and seven years after the financial meltdown,traders were rewarded too quickly for profits that could evaporate. Related: Bank of England governor price Carney: no plans to abolish cash - live updates Continue reading...
Source: theguardian.com