John Walsh: Sky-high bankers’ pay will cost us dear in the long run | Business Post

‘AIB, which is constrained by government imposed pay caps, posted a very impressive 32 per cent increase in its share price last year. Goldman Sachs, which has no such pay constraints, posted a much more pedestrian 20 per cent increase in the same time frame.’

When the salaries paid to bankers become disconnected from the underlying economy, it is time for the rest of us to start worrying. Last week, Patrick Jenkins, the banking editor of the Financial Times, wrote a piece comparing the fortunes of AIB and Goldman Sachs. He made the interesting point that AIB, which is constrained by government imposed pay caps and is 71 per cent state-owned, posted a very impressive 32 per cent increase in...

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

John Walsh: Breaking the corporate glass ceiling starts with dismantling the customs that frame it | Business PostWith gender balance at board level now going in the wrong direction, it’s important to keep calling out the insidious causes of gender inequality in Irish business
Fuente: businessposthq - 🏆 8. / 71 Leer más »

Grid Finance names former top Department of Finance official John Moran as chairmanCompany advances cash to micro and small businesses via IrishTimesBiz
Fuente: IrishTimesBiz - 🏆 6. / 77 Leer más »