Re: The chancelor is in denial again
I've not worked much in the private sector, but my OH has and used to get a Christmas bonus every year. Not the huge amounts bankers seem to get of course and the amount he got was in direct proportion to the firm's profits. As I understand it, private sector workers expect an annual bonus of some sort. Not that I agree with the vast amounts that senior people get - who probably do the least work anyway. I think it would take more than Darling Darling to change the very culture of commerce.Re: The chancelor is in denial again
It seems they never learned a lesson after Fred (the shred) Goodwin got his multi-million pound pension.Re: The chancelor is in denial again
Oh dear, oh dear the realities of the Global Market in Banking and Finance is something that Darling understands or has been advised on. If Britain and other (but not all countries) limit bonuses then, bearing in mind that the highest bonuses are made to the men with the power, they would relocate their desks and terminals to a country that did not interfere in the limitation of their obscene bonuses. America being the country they would obviously choose.Re: The chancelor is in denial again
As far as anyone can tell, or as far as people with brains of limited size like me can tell, much of the blame for the 'Crash' comes from unscrupulous mortgage selling and subsequent on-selling of debt, in the US of A.Re: The chancelor is in denial again
The people who recruit these "top" men argue that they have to give them top salaries and bonuses to attract them in the first place.Re: The chancelor is in denial again
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