Quote:
Originally Posted by papa smurf
are you aware of what a hard days work is for the reward offered ,or do you just think its ok to underachieve and get a bonus .
|
Not all the bankers are/were corrupt or inept so why should they all be penalised when the rest are doing a good job? Seems like cutting off the nose to spite the face. There's nothing wrong with getting shot of the worst of course, but restricting the earnings potential of the best in Europe, as opposed to globally, will see them moving elsewhere leaving UK PLC with the worst and hence a less profitable and secure banking sector. They already function as global teams in the Far East, US and London so how long is a member of a team based in London and generating profits going to stand for being paid much less than his mate in Hong Kong or New York? It's all very well going on about what wrong has been done but that money's gone for good and what we now need to do is rebuild a profitable but well regulated banking sector which can once again generate vast tax revenues and in the case of RBS and BOS, one day pay back the taxpayer the debt it's owed.
Unlike salaries, bonuses can at least be clawed back (and are being) in the event of failure just in case anyone forgot and I reckon New York, Hong Kong and the like are rubbing their hands with glee. People keep saying things like 'let them go', forgetting that vast amounts of tax was paid on what they generated and earned as Gordon Brown himself can testify since he was the one spending it all. This was the reason he liked handing them gongs...