Reza Baqir’s salary and banking woes this week in Pakistan’s business and economics twitterverse
W
e have some serious issues on our mind this week. Legacy banks are trying to keep up with all of the changing fads in the banking industry and there are questions being raised about debt servicing after the announcement of the new IMF program. Ariba Shahid brings you the woes of banking, CEO salaries, and more in this week’s social media roundup.
Rs222,422,000 is the yearly compensation the CEO of one of the largest banks received in 2020. The fact is, the salary of an individual should be in line with their experience, credentials, and the position they are settling in at. It makes very little sense for minimal salaries to be glamorized.
The stock market is ruthless. But hey, follow the money.
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