Bank CEO Jamie Smith gets $ 23 million bonus package despite the bank 's $ 2 billion loss . Shares of the major banks continue to trade well below book value and generate miserable performance metrics -- and have over the years been very poor investments -- while senior executives and key employees continue to walk away with vastly outsize earnings , even when they oversee massive losses . Ingo Walter and Jennifer Carpenter : Real concern should not be level of executive pay . They say bank shareholders and employees have incentives to take risks to make more money . Focus on changing risk incentives rather than amount of pay , the authors say .
Bank CEO Jamie Smith gets $ 23 million bonus package despite the bank 's $ 2 billion loss . Ingo Walter and Jennifer Carpenter : Real concern should not be level of executive pay . They say bank shareholders and employees have incentives to take risks to make more money . Focus on changing risk incentives rather than amount of pay , the authors say .