BusinessInsider reports that the London-based St. Paul Institute, the cathedral's working group on the subject of financial services' ethics, just released a report into bankers' ethics that it commissioned by the market research company ComRes.
The 24-page report says its research "confirms and refutes numerous stereotypes about financial services professionals working in the City of London [Wall Street of London]... For example, 'salary and bonuses' are the most important motivation for professionals working in the FS sector in London for 64% of participants. "Enjoyment of the work" comes a distant second."
The motivation behind the study is the Church's belief that City professionals pay is out-of-whack with what other professionals make, and that it's causing a disturbing divide in society. At least one big name banker agrees with the Church: Ken Costa, a former UBS Europe and Lazard international Chairman. Reuters describes his involvement….
Read more: http://www.businessinsider.com/st-pauls-comres-bonus-salary-study-2011-11#ixzz1d2g5m1uR
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