Bankers' bonus cap
#1
Bankers' bonus cap
http://www.bbc.co.uk/news/business-21608938
Obviously bankers' bonuses are not popular, but can't help feeling it will do more harm than good. It will either drive salaries up massively to counter it, or people and companies will leave these shores and go elsewhere, which we really cannot afford.
Obviously bankers' bonuses are not popular, but can't help feeling it will do more harm than good. It will either drive salaries up massively to counter it, or people and companies will leave these shores and go elsewhere, which we really cannot afford.
Last edited by ReallyReallyGoodMeat; 28 February 2013 at 04:07 PM.
#5
Scooby Regular
Limit Bank Bonuses ......
.....suggests the EU and I quite agree with them!
And, guess, who thinks that his rich mates should be allowed to milk the system for as much as they possibly can?
Step up Mr Cameron!!!
The Tories are corrupt, inept and pathetic ........ in it up to their necks with the rich!!
They will be chucked out soon enough - but, what damage will they do in the meantime?
And, guess, who thinks that his rich mates should be allowed to milk the system for as much as they possibly can?
Step up Mr Cameron!!!
The Tories are corrupt, inept and pathetic ........ in it up to their necks with the rich!!
They will be chucked out soon enough - but, what damage will they do in the meantime?
Trending Topics
#12
Scooby Regular
iTrader: (2)
LOL, remind me which party was in power when the government ended up having to throw BILLIONS at the banks?
And who "forgot" to tell them what to do with it...so they trousered it and gave themselves huge bonuses?
What was that guy's name again? darling? brown? What party were they again?
And who "forgot" to tell them what to do with it...so they trousered it and gave themselves huge bonuses?
What was that guy's name again? darling? brown? What party were they again?
#13
#14
Scooby Regular
We are where we are TODAY ........ what we are witnessing is what's happening TODAY.
We cannot change the past, but we should demand changes in the present!
The Tories are lining their mates pockets and all some can do is cry about what happened 4 years ago ........ we are getting fleeced by the rich TODAY!!
We cannot change the past, but we should demand changes in the present!
The Tories are lining their mates pockets and all some can do is cry about what happened 4 years ago ........ we are getting fleeced by the rich TODAY!!
#15
Scooby Regular
In pure philosophical terms, any sort of wage cap is a bad idea in my opinion
There should not be a limit on peoples pay for purely arbitrary political reasons
But the bonus system was easily abused, and became some sort of wage top up scheme
People seemed to be getting bonuses just for turning up to work, the KPI metrics were meaningless – in my view if they are doing a good job pay them what they are worth, whatever that figure is deemed to be
Give them a bonus if their **** doesn’t smell
There should not be a limit on peoples pay for purely arbitrary political reasons
But the bonus system was easily abused, and became some sort of wage top up scheme
People seemed to be getting bonuses just for turning up to work, the KPI metrics were meaningless – in my view if they are doing a good job pay them what they are worth, whatever that figure is deemed to be
Give them a bonus if their **** doesn’t smell
Last edited by hodgy0_2; 28 February 2013 at 08:43 PM.
#16
Scooby Regular
iTrader: (3)
the bonuses will just become shares bonuses instead, our md was promised a silly amount of shares if he got the share price back to over £3.70. were £3.20 when he started, they are now £3.64 only problem with this is how he does it becomes irrelevent, even at the cost of rising prices and losing customers, and you can bet your bottom dollar as soon as they reach £3.70 he will cash in and clear off to retire
#19
#20
Scooby Regular
Join Date: Feb 2001
Location: Markyate.Imprezas owned:-wrx-sti5typeR-p1-uk22b-modded my00. Amongst others!
Posts: 8,541
Likes: 0
Received 0 Likes
on
0 Posts
Rather strange that the cosseted, overpaid. wasteful, unelected and bureaucratic EU should be complaining about performance related pay. If EU bureaucrats were on prp how much should their wages be? **** all.
#21
Scooby Regular
Join Date: Feb 2001
Location: Markyate.Imprezas owned:-wrx-sti5typeR-p1-uk22b-modded my00. Amongst others!
Posts: 8,541
Likes: 0
Received 0 Likes
on
0 Posts
A complete waste of time. They'll just discover more loopholes just as the top 20% of earners do along with most multinational companies. Introduce a low flat tax rate and dramatically cut benefits and the problem with the economy is solved immediately instead of pyrrhic dogma.
#23
Scooby Regular
Well they've achieved the square root of f*ck all in their lives, so that seems an appropriate level of pay. Scummy career politicians.
#24
Scooby Senior
Join Date: Dec 2000
Location: North Wales
Posts: 5,826
Likes: 0
Received 0 Likes
on
0 Posts
The other thing people get hung up on is the notion that these bonus pots are shared amongst a few top cat bankers. Lloyds employs 110k people, so thats £365 million to share. The bulk of it goes to normal hard working people who have put in a tremendous effort to help turn the organisation to profit (operating profit). It's not their fault the bank is in a position to pay them a bonus.
I bet there's not one of you who would turn it down if you were in that position. It's easy to take the moral high ground on an internet forum, I doubt you would refuse it if offered.
Geezer
#26
Scooby Regular
Join Date: Apr 2001
Location: Some country and western
Posts: 13,488
Likes: 0
Received 0 Likes
on
0 Posts
Nothing stopping any of you from becoming 'bankers'.
Isn't that great, you can have some of that wealth you are moaning about!
But first, you have to stop moaning about it and seek a new career.
Isn't that great, you can have some of that wealth you are moaning about!
But first, you have to stop moaning about it and seek a new career.
#27
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
Banking is the last job in the World I would want to do. Yet bankers appear to not only spew arrogant rubbish about their "skill," they also have the pompous opinion that others want to be them.
Now why on earth aren't they very popular?
No issues with the majority of bank workers who do a decent job but these City muppets need throwing out of the country.
Then maybe our country could realise how tragic our reliance on the finance sector has been.
If a major bank wanted us to work with them, Id turn them down. Luckily a handful of more ethical ones exist, almost all overseas.
#29
Scooby Regular
Join Date: Dec 2006
Location: Mars
Posts: 11,470
Likes: 0
Received 0 Likes
on
0 Posts
What, because I have some work ethics dragging me down?
Seriously guys, how many scandals, how many lies before you realise your job is currently below used car dealing and traffic warden roles in the "respect" hierarchy.
But hey, it's well paid so that's all that matters.
Seriously guys, how many scandals, how many lies before you realise your job is currently below used car dealing and traffic warden roles in the "respect" hierarchy.
But hey, it's well paid so that's all that matters.
#30
Scooby Senior
Join Date: Dec 2000
Location: North Wales
Posts: 5,826
Likes: 0
Received 0 Likes
on
0 Posts
What, because I have some work ethics dragging me down?
Seriously guys, how many scandals, how many lies before you realise your job is currently below used car dealing and traffic warden roles in the "respect" hierarchy.
But hey, it's well paid so that's all that matters.
Seriously guys, how many scandals, how many lies before you realise your job is currently below used car dealing and traffic warden roles in the "respect" hierarchy.
But hey, it's well paid so that's all that matters.
You probably do business with lots of people you shouldn't based on your statements, you just don't know it!
Geezer