Outrage is apparently the name of the game in political and media circles in debating the matter of banking bonus compensation. For the large banks, even moral hazard is brought into play in condemning bonuses that are seen as excessive, promoting high risk and abusing the financial bailouts and market conditions provided by governments in America and Europe especially. Investment banks are now benefitting from renewed and often substantial profits and allocating significant shares to employee bonuses. The taxpayer is picking up the tab and apparently sees no reward in doing so.
Goldman Sachs, Morgan Stanley, Merrill Lynch, JP...
Politicians and the media have soundly, and often usually aggressively, questioned ethical business standards and practices in the global financial sector, national financial centers and jurisdictions. The G20 in the lead, supported by international bodies like the OECD and others, has strongly expressed the will to change drastically the global financial sector through enforced rules, regulations and oversight in order to modify financial behavior and end systemic risk. There has been much public outrage, especially focused on apparently excessive compensation amongst banks and other financial services.
What we all are missing are facts, rather than the continuous outflow...
