Description: London’s investment banks are luring back traders and analysts they lost to brokerage firms during the credit crisis, compensating for lower bonuses by as much as doubling base salaries.

Source: Bloomberg.com

Date: 01/08/2010

Link: http://www.bloomberg.com/apps/news?pid=20601109&sid=aCYBE_nDS.Ys

Questions for discussion: 

• What does the article suggest to you about the financial services industry’s dealings with compensation?
• Do you think it is a correct approach? Explain your thinking.