For the most part, financial services companies erect employee bonus systems for one reason and one reason only: to maximize shareholder profits.
However, a strange new occurrence is afoot in the financial services sector, wherein companies are no longer concerned with maximizing shareholder value—which is their fiduciary responsibility and reason for being—because they are more interested in lining their own pockets by aligning themselves with the latest woke investment scheme known as environmental, social, and governance (ESG) scores.
Take Mastercard for example, which recently announced it will begin “linking employee compensation to ESG goals.”
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