The problem isnt with the bankers, or the pay

[Churchill]

The problem is with incentives.

Got it in one!

My future Brother-In-Law destroys things for a living, he works for a safety certification house.

His company has just been taken over by a large multinational who have a performance related component to their bonus structure.

Because of the safety implications my future Brother-In-Law is exempt from the performance component lest it encourage dubious work practices in the attainment of the bonus.