In 2018, the government hired Korn Ferry, one of the world’s largest headhunting firms, to assess remuneration across banks that had been bailed out during the financial crash. The appointment came a decade after the state guaranteed the banking sector, which led to €64 billion of capital injections into it. The review was expected to eventually result in the return of bankers’ bonuses and the ending of salary caps, two measures that were introduced in the aftermath of the crash. However, despite spending €140,000 on the report, the government never published it. I’m told that Korn Ferry recommended abolishing all…

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