Investment Bankers 'Short Term' Performance Oriented

By: Ian Campbell | Thu, Sep 20, 2012
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The Telegraph reported that in a recent survey by the Economist Intelligence Unit:

It seems to me these results are at least directionally right, and what I would think most people would expect. I say 'directionally right', because I am surprised (with a little 'tongue in cheek') that the survey results were not 95% and 5% respectively.

The referenced article also reports on a survey that suggests only 10% of customers trusted bankers to act in their interests. Again, I think not terribly surprising - but a reinforcement for me that if you have money in the financial markets you ought to take as much responsibility for its management as you are able.

Topical Reference: Bankers 'motivated by short-term performance', from The Telegraph, Louise Armitstead and Harry Wilson, September 19, 2012 - reading time 2 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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