Bankers in Europe did not behave like this when they were paid moderate salaries. By the time they were in their 50s and could retire they still had to worry about their partnership in the bank to be sold.
Indian, Japanese and some other East Asian bankers are not in the same set as the American bankers as far as pay is concerned. And they did behave differently
also read this article in Economist saying that bankers’ rent has to be reduced. Very well written article as usual
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