Reward in banks is flawed, says report

“Serious flaws and shortcomings in remuneration practices” played a key role in the banking crisis, according to a new report by MPs.The role of remuneration was “downplayed” in an earlier review by Lord Turner, the Financial Services Authority (FSA) chairman, says the report by the Treasury Select Committee.
 

Language does not simply reflect what is going on in organisational life: it also influences what people think and what they do

Linda Holbeche, director of the Holbeche Partnership and visiting professor of HRM/OD at Cass Business School