Shifting compensation structure toward fixed cost
Today’s comp headline: Citigroup to boost salaries, cut bonuses. Did anyone see that coming?
Alas, Citi does need to keep up with UBS and other bonus-restricted banks.
Perverse Incentives Are Endemic (TM)
Today’s comp headline: Citigroup to boost salaries, cut bonuses. Did anyone see that coming?
Alas, Citi does need to keep up with UBS and other bonus-restricted banks.
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