Sony Kapoor, former employee of Lehman Brothers, criticizes the German proposal for a ‘competitiveness’ pact: “As I remember it, excessive and badly designed compensation structures in the financial sector were major factors in the financial crisis. Having failed to address that (bonus levels are back to pre-crisis levels), our dear leaders are focusing on squeezing workers’ wages instead.”
D. Vaughan-Whitehead (Eds.) Geneva, International Labour Office, International Labour Office, (June 2012)Conference organized by the International Labour Office in cooperation with the European Commission, Brussels, 21–22 June 2012.