FSA Warns About Guaranteed Bonuses - WSJ.com: "'I would draw your attention to the fact that guaranteed bonuses which run for a period of more than one year may be inconsistent with effective risk management,' FSA Chief Executive Hector Sants said in a letter sent to chief executives of the largest firms in the financial-services industry. He noted that this would apply to all agreements entered into after the publication of its consultation paper in March."
Do "elitist" FSA staff have a guaranteed bonus as a percentage of salary?
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