G-20 To Weigh In On Bonus Scandals?

Posted on September 15, 2009 by Michael Stocker

On September 17 European Union leaders agreed to press for binding global rules on bankers’ pay at the G20 meeting scheduled for September 24 in Pittsburgh. The leaders will call for bonuses to be deferred over time, ensuring that the compensation packages "could be canceled in case of a negative development in the bank's performance."

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