• Originally published September 25, 2009 at 3:13 p.m., updated September 25, 2009 at 4:22 p.m.

PITTSBURGH (AP) — World leaders say bank executives should not be guaranteed multiyear bonuses because such compensation makes them less accountable for risky investments.

Leaders of the Group of 20 nations meeting in Pittsburgh also said that a significant portion of bank officials' potential compensation should be delayed and tied to the performance of their investment decisions.

The leaders said excessive compensation contributed to excessive risk-taking and the recent global recession.

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