Jammyd
Active member
https://www.bbc.co.uk/news/business-62906854
Inflation 10%. Cost of living crisis. Tories looking after the working classes
Inflation 10%. Cost of living crisis. Tories looking after the working classes
Exactly this. Let them award bonuses as stock options that don't vest for 10 years.The real issue here is not the hugely excessive earnings by top bankers, that will happen whether its salaried or from bonus payments, but the fact that bonus payments incentivises risk, which is how we all ended up bailing out the banks through austerity.
High pressure salespeople.Who the **** gets a bonus two times their annual salary.
"High pressure salespeople"High pressure salespeople.
And that's all these bankers are now, but nobody wants to admit it; they all want to pretend they provide a crucial purpose in a well-functioning economy. So they call them "bonuses" not "commission".
You do realise that when Labour was last in power the bonuses were uncapped and it was felt this helped towards the Financial crash of 2008.I still canāt believe this lot are in power, I really hope labour capitalise on this.
The real issue here is not the hugely excessive earnings by top bankers, that will happen whether its salaried or from bonus payments, but the fact that bonus payments incentivises risk, which is how we all ended up bailing out the banks through austerity.
And the banking industry, whilst clearly necessary to the economy, is an industry that provides no tangible service, other than making more money from the money it has.Quite right. Now Truss is in power there is talk of deregulation and we all know what happened last time. They never learn in their pursuit of wealth. Greedy barstewards.