I doubt there are any Wall Street bankers who don’t consider themselves leaders and they exist in a world where innovation never stops.

Now, those wily, innovative leaders have come up with a new product to avoid new regulations.

Investment bankers in the US have begun using equity derivatives to convert restricted shares paid as bonuses into cash, side-stepping new guidelines on remuneration which were designed to prevent bankers cashing out for at least three years, according to a headhunter.

Popular wisdom wants us to believe that leaders ‘do the right thing’, but when it comes to those on Wall Street it’s strictly the right thing for themselves.

Image credit: HikingArtist on flickr

Your comments-priceless

Don’t miss a post! Subscribe via RSS or EMAIL

Sphere: Related Content

This entry was posted on Tuesday, February 2nd, 2010 at 11:38 am and is filed under Business info, Compensation, Leadership, Stock Options. You can follow any responses to this entry through the RSS 2.0 feed.
Tags: banking culture, innovate, wall street
You can leave a response, or trackback from your own site.