The further up in the bank they go the more time is spent on "decisions". From Managers at bottom, to Heads of, to GMs, to Executive GMs, to C Suite, to Board. To the extent that they are "doing" it's collating facts, figures, issues and decisions up to each higher level and then adjusting here, recommending changes there based on the collated information at the next level down. There is a natural cadence around weekly, monthly and quarterly reporting up to annual.
As you can see, that's a lot of management and the salaries ain't cheap but what the bank is paying for isn't necessarily brilliance or hard work on any particular day. What the bank is paying for (in some roles) is that in any particular situation, particularly in a crisis situation they'll have the skills and experience to make the "right" decision.
What we're seeing is that despite the high salaries, in many cases when the time comes they make precisely the WRONG decision. In some cases, the decision they make is downright pitiful which means that some of them have been drawing down those 6 and 7 figure salaries with little to no justification indeed.
I could go on to talk about how the reason for this is because so many people these days lack the moral backbone to make a hard decision (particularly on the right which would be my natural home if it wasn't populated by spineless cowards, hypocrites and bullies without any moral framework to provide consistency of behaviour) and because as a society we make life impossible for those who do (like whistle blowers) but that's not a topic for this thread.
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Not quite so.
(20min delay)