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LostInParadise's avatar

Why do bankers get such large bonuses?

Asked by LostInParadise (31918points) January 25th, 2010

Banks, like any other business, are out to maximize profits, so one would think that there must be some good business reason for handing out large bonuses to employees. Is the competition to find qualified people so great that it is necessary to give out large bonuses to retain them? What other reason could there be?

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