, Columnist
Bank Executive Bonuses Feed a Bull Market in Bragging Rights
Bosses want some pay inflation, but it's luck more than skill behind the boom in profits.
Measuring up better than rivals is often more important than money itself
Photographer: Patrick T. Fallon/Bloomberg
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When was the last time the chief executive officer of a major bank was poached for a more lucrative job elsewhere? Go ahead, I’ll wait…
There was Boris Collardi quitting as CEO of Switzerland’s Julius Baer Group AG in 2017 for more money at an unlisted rival private bank, Pictet & Cie. But someone of the prominence of Goldman Sachs Group Inc.’s David Solomon?