Video: Tuesday, 30 September 2014
Bankers’ bonuses continue to receive plenty of criticism; many people call them unethical. Most people find it difficult to understand why bankers keep on giving themselves more money when banking was the sector that was blamed for the financial crisis. But bankers don’t seem to mend their ways.
This makes us wonder: how do bankers accept their bonuses without feeling they have done something completely unethical? Why do they see salary issues in such a different way to the general public? It can be traced back to one simple word, says RSM’s professor of behavioural ethics. He says it’s our personal ‘cocoon’.
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Rotterdam School of Management, Erasmus University (RSM) is one of Europe’s top-ranked business schools. RSM provides ground-breaking research and education furthering excellence in all aspects of management and is based in the international port city of Rotterdam – a vital nexus of business, logistics and trade. RSM’s primary focus is on developing business leaders with international careers who can become a force for positive change by carrying their innovative mindset into a sustainable future. Our first-class range of bachelor, master, MBA, PhD and executive programmes encourage them to become to become critical, creative, caring and collaborative thinkers and doers.
