Critics have charged that compensation to top managers in the banking sector is simply too high and should be cut back. Look at the financial accounts of some banks in your region and determine the total pay of their chief executive officers. Are such amounts excessive? Do you think the European Union’s plan to cap bankers’ bonuses at the ratio of bonus pay to fixed pay at 1:1, or 2:1 if there is approval from shareholders is a good idea? Explain.