Where else is incompetency rewarded so blatantly?
Clearly the attitude of entitlement is alive and well. When companies are failing through lack of liquidity, hundreds of thousands are losing jobs as a consequence, the bankers give themselves a raise?
A rational management would clean out all these clowns, not reward them, since they created the problem in the first instance. In the hundreds of thousands of people in the banking system, there must be room for up and coming people who can be trusted to change the attitude. Retaining, promoting and rewarding simply ensures that nothing changes. The only talent that is being exhibited here is that of self survival and contempt for every one else.
What is needed here is a total attitude change and a return to the idea that compensation is commensurate with performance and that banking is a service, not a game. Good luck.




