Unwarranted rewards

When we are all being asked to share the pain of weak economic performance, you have to wonder why the senior management of “private” Finnish pension companies is still being rewarded with large bonuses in addition to high base salaries. How do the unions, (employers’ and employees’), represented in the boards of these pension funds find this acceptable? These large investment funds follow general market movements and senior management has little, if any, impact on their final returns… and, naturally, the high base salaries and bonuses reduce what is available for our pensions, but not for theirs…

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