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Do Merrill Lynch bankers know no shame?

In Blog by Ian Fraser11 Comments

23 January 2009 The clutch of  investment bankers who advised Royal Bank of Scotland, Banco Santander and Fortis on their joint €71bn three-way takeover of ABN Amro in 2007 have recently received vast bonuses for their part in the deal — even though it ended up destroying most of the …

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Banks ‘in denial’ about folly of their pay policy

In Blog by Ian Fraser0 Comments

27 May 2008 Ross Buckley, professor of international finance law at the University of New South Wales, yesterday argued that the way our bankers are paid has promoted a “systemic madness” across the global financial system. In an article in The Australian he points out that the way banks currently reward their …

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Many bonus schemes fail to deliver value for money

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Herald Date: 19 February 2007 LAST year was a bumper one for employees of Scottish law firms, with thousands receiving annual bonuses sometimes worth upwards of 20 per cent of their salaries. However, according to research from accountants Deloitte, one-third of law-firm bonus schemes failed …

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The hidden pay rises

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 9 May 2004 Top executives have been using sleight of hand to disguise recent increases in corporate pay and avoid being portrayed as “fat cats”, finds Ian Fraser THE TOPSY-like growth in executive pay among directors of Scottish-based plcs and larger private companies …