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He's the $10m a year man who heads one of the most powerful investment banks, but yesterday he offered a surprising confession: bankers are ridiculously overpaid.

US investment bankers have almost always been criticized for their excessive wages, In today’s article we will explore the reasons for this situation, while also covering its

Wall Street chief: Bankers are overpaid - The Independent

Goldman shareholder alleges top bankers are overpaid

We are all being overpaid, Jefferies’ Rich Handler tells

Yes, bankers are overpaid and no, it will not last - Financial Times

Are bankers paid too much? - CEPR

Investment bankers are more overpaid than usual

Investment bankers are grossly overpaid - Enterprise

Over The Past Decade

Ironically, a road map for shareholders seeking better returns might be the recent pay scandal at Morgan Stanley. Most people were irate at Morgan Stanley’s board for

A serious question for all the overpaid bankers - Financial Times

Over the past decade, however, “rents” account for 30% to 50% of the sector’s wage differential. In this sense, financiers are overpaid. Employees of the financial

The Gist Of The Study

A Goldman Sachs shareholder is suing the US investment bank claiming it overpaid its top bankers and misled investors about the value of stock options awarded to staff. Jeffrey Bader

The gist of the study is that wages in financial services – as the above graph seems to indicate – are factors of unsustainable banking booms. It’s slightly more

Investment bankers are grossly overpaid for their services, partially because they obfuscate just what unique service they really provide, John Gapper writes for the

US Investment Bankers Are Overpaid: The Salary Scandal