New research reveals that US bank CEOs earn on average triple the salary of chief executives in banks elsewhere in the world.
According to the Financial Times the study, produced by Bernstein, also reveals that global bank chief executive pay hasn’t changed despite new regulations, which has invariably reduced shareholder returns.
US bank chief executives also earn more than their peers in other sectors from the Fortune 500 by around 66%.
The FT quotes a Bernstein analyst saying that running a US bank “can’t be that much more complicated” than running banks in other countries.
Bernstein’s Chirantan Barua is quoted by the FT as saying: “Political pressure in markets such as the UK post the bank bailouts also definitely has had an impact on compensation.”
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