In theory, investors could demand changes - they could insist that banks stop setting aside half their net revenue for compensation, a far higher share than in most industries. But there has been little pressure from that direction. UK institutional investors, who have traditionally exerted more influence on executive pay than their American counterparts, have also shied away from the issue. "We'd be interfering in a very prescriptive way in the management and calling on expertise that we don't really have," says Peter Montagnon, director of investment affairs at the Association of British Insurers.
理论上，投资者应该是要求变革的——他们可以坚持要求银行不再将他们净收入的一半留作薪酬，这一比例远高于大多数行业的水平。但目前来自投资者的压力很小。与美国同行相比，英国的机构投资者通常会对高管薪酬施加更多影响，但它们也回避了这个问题。“我们会以相当指示性的方式对管理层加以干涉，并听取专家意见，因为我们并不真正拥有那种专业能力，”英国保险协会(Association of British Insurers)投资事务主任彼得•蒙塔尼翁(Peter Montagnon)表示。