[flashyfaffe2]

"This immeasurability is inversely proportional to the tangible, real value created".

Although I understand your view,Financial sector and banks in particular is a very regulated sector which means that significant number of people working there have their job almost entirely related to making sure the company comply with the rules from the different jurisdictions. From your perspective, they do add no value to the company ( actually there are cost center) but are crucial to ensure company can operate legally. To add an additional layer of complexity, new rules from different countries, authorities, committees are updated/ amended quite regularly ( last one is the LIBOR demise which will have a huge impact on the market where no clear rules,have acknowledged nor agreed). So even you would try to quantify those costs ( legal issue with new rules implementation which lead to update the system or create one from scratch while making sure this will comply with internal task,etc...), it is quite difficult to assess what is the optimal allocation the company needs to allocate. As an illustrative example, it took 2 years to validate some components of the google cloud features (some are still pending) because of all the intetnal rules set out.

More globally, yes there are people adding no value to the company but the can be hardly spot on from top management view.