A less on the banking scandals and much other research on ethics in business and elsewhere emphasises the important role economic incentives plays in squeezing out ethical behaviour. So I read with interest this story in CityAM claiming city lawyer’s base pay had declined but bonuses had gone up. It may well be that this kind of variation is simply noise in the survey; but if firms increase the amount they pay their staff by way of incentives over basic salary there is in all likelihood a cost in terms of ethicality within the organisation.
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- Excalibur – perhaps the sword of truth got stuck?