Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

ANDRE SPICER, PROFESSOR OF ORGANISATIONAL BEHAVIOUR AT CASS BUSINESS SCHOOL, COMMENTING ON THE NEWS THAT LLOYDS BANK CHIEF EXECUTIVE ANTONIO HORTA-OSORIO WILL RECEIVE A £1.7M BONUS

Andre Spicer, Professor Of Organisational Behaviour At Cass Business School

“Paying the CEO Antonio Horta-Osorio a £1.7m bonus is as much about image management as it is about rewarding performance. Lloyds desperately want to send a signal to the market that it looks like a normal commercial bank, and is ready to be privatised. One way to do this is by paying bankers in a similar way to commercial competitors.

Andre Spicer, Professor Of Organisational Behaviour At Cass Business School

Andre Spicer, Professor Of Organisational Behaviour At Cass Business School

“Some claim Lloyds may have learned nothing from the crisis, but here they are actually following good practice by deferring bonuses and paying in shares. This encourages a longer term perspective. The worst excesses of the financial crisis were fuelled by cash bonuses for short term performance, not share based rewards for long term performance.

“Another wider effect of paying large bonuses is to further drive up social inequality. Recent research shows that much of the increase in inequality in the last two decades has been due to the increasing size of bonuses for the most highly rewarded employees.”

If you have any further questions about Dr Spicer’s comment, or if you would like to arrange an interview with him, please contact me by responding to this email.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post