Re: UK to fight EU plan to cap bankers' bonuses
 

There's plenty wrong with them if it's all done by cronieism and not by results.

Re: UK to fight EU plan to cap bankers' bonuses
 

Get over yourself. I'm quite aware thank you. Are you aware how dependant this country is on the financial sector?

As I said, I don't think that is what anyone thinks.

Re: UK to fight EU plan to cap bankers' bonuses
 

Or even for not doing any work for the competition.

http://www.guardian.co.uk/business/2...78m-golden-gag

£13million a year over 6 years for doing nothing. Nice work if you can get it.

Re: UK to fight EU plan to cap bankers' bonuses
 

Not as dependent as people make out, our much maligned manufacturing industry contributes more to the economy than the bankers, I'm not saying I want them to go but at the same time I'm not fooled into caving into what ever demands they make under the threat of leaving.

---------- Post added at 23:03 ---------- Previous post was at 23:01 ----------

The annoying thing is most shares are held by pension funds and they never attend the meetings, properly regulated remuneration committees are the way to go imo, then we wouldn't need to rely on revolts.

Re: UK to fight EU plan to cap bankers' bonuses
 

I reckon we need more Bank of Dave.

http://www.channel4.com/programmes/bank-of-dave

Re: UK to fight EU plan to cap bankers' bonuses
 

[QUOTE=Pierre;35542839]Get over yourself. I'm quite aware thank you. Are you aware how dependant this country is on the financial sector?



no i'm not could you be a little more patronising and explain it really simply so i will understand .

Re: UK to fight EU plan to cap bankers' bonuses
 

But it's more fun calling all bankers crooks because some were and ignoring the facts. Why not hand over control of and the profits/taxes derived from an essential industry to people in other coutries? While we're at it we'll also make sure that the state owned banks never prosper and have no chance of paying the money they owe the taxpayer back. I mean that wouldn't be chucking the baby out with the bathwater in any way would it? :rolleyes:

By most reasonable accounts I've heard, Stephen Hester is doing a good job trying to drag RBS out of the mire and GET OUR MONEY BACK but why not just treat him like a crook too and penalise him for what was allowed to happen?

Getting tough with the rules (which Labour should have done via the FSA and BBA but didn't) is great but it needs to be global. Taking back bonuses in respect of failures is fine (and is being done), but forcing banks to pay bigger up front salaries which can't be clawed back in the event of failure is utter nonsense.

I wonder how many of the football fans amongst our ranks would like to see their precious teams decimated by European remuneration caps which led to their best players going elsewhere in the world to earn more money.

Re: UK to fight EU plan to cap bankers' bonuses
 

Not against bonuses culture at all. Nothing in post said as such you picked comment twisted it. I am against obscene bonuses while dominions left out of the windfall. Pay structures also issue too osem.

Its rewards and pay structure which out of control and has been out of control for many years. In Corporations and Banking sector.

Surely if they rewarded for brilliant job should it not be all staff deserve the reward too.

So those losses wont be hit if we do fairer system. We may actually increase how much taxes banking sector paid if see fairer system of pay/rewards to all levels staff.

About time bonus culture is put under control and wage descrepencies to more realistic curve from cleaner to CEO.

Surely you would accept this would good thing for economy to get better playing field in wages/bonus to each level pay structure.

It not just CEO who worked hard its all his staff too sadly companies tend to forget that when huge wads bonuses are dished out.

On quip on football it would be best thing would happen might stop the game running billions debt. Have heared obscene wages messi rumered to been given £1m a week. Talented he is no-one worth that sort money. The game will go bust if dont get act together.

Re: UK to fight EU plan to cap bankers' bonuses