The Canadian Press: Why Do Banks Pay Bonuses During the Pandemic?

Recently, I spoke with Tara Deschamp from The Canadian Press. We discussed executive compensation, specifically bonuses that Canadian banks are paying out while the pandemic is going on. Drawing on my published research on executive compensation, I was happy to share my thoughts with Ms. Deschamps on why banks might want to continue paying bonuses in these difficult times: their employees have been resilient and nimble in adapting to the extraordinary circumstances brought about by the pandemic, and banks do not want them to get hired away by competitors. For more details, please see Mr. Deschamp’s article on the CTV News blog, here.

Image adapted from Ccyyrree.

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