On the EU bonus cap (and ways around it)

Banks have been burning the midnight oil figuring out ways to both comply with the bonus cap and still pay their staff (more or less) exactly what they always have

Ah, the bonus cap.

As you are probably aware, the European Union has introduced new rules on how big bankers' bonuses can be.

WSJ Logo
Meta Hires Top Apple AI Expert, Continuing Zuckerberg’s Recruitment PushExternal link

Meta Hires Top Apple AI Expert, Continuing Zuckerberg’s Recruitment Push