“Compensation has gone absolutely out of bounds . it’s almost a kind of betrayal on...

|By:, SA News Editor

“Compensation has gone absolutely out of bounds ... it’s almost a kind of betrayal on shareholders,” says Klaus-Peter Mueller, chairman of Commerzbank (CRZBY.PK), Germany's second-largest bank. He's skeptical of claims that megabonuses are necessary for retaining employees: “If the 15 largest investment banks of the world said we’ll put an end to this, where would they go?"