In the news

The compensation system in several industries, and especially the financial sector, has come under public attack in the U.S. amid growing concerns that rescue money is being wasted, reports The Washington Post. Experts warn that bankers will need to reform their bonus system to satisfy shareholders in the future. Despite the current controversy, finance firms will continue to pay higher rewards for top talent, says Rob Sloan, a consultant at Egon Zehnder International, New York, pointing to the current situation in the sector. “There’s a pause button on it now because there’s a lot more self-reflection going on, but as soon as we hit a tipping point, you’re going to get a much more competitive environment,” he explains.