mj.scuba Posted July 21, 2011 Share Posted July 21, 2011 http://uk.finance.yahoo.com/news/City-bonus-row-sheer-greed-tele-3771496276.html According to this article, bonuses of £14bn were paid to bankers and financial sector workers to the end of the last financial year, up £2bn from 2008/09, and on average only £100 less per person than last year. I for one, am a little disgusted by this. I've previously been of the thought that private companies can pay whatever bonuses they want, particularly the ones that didn't need a bail out. I still do think that on the whole, but clearly there is a heavy public interest in ensuring bonuses are not excessive (bonus culture partly blamed for excessive risk taking), something which the government, Osbourne and Project Merlin have obviously completely failed in. What you have to think is, whose money are they playing with, where does it come from? From the people of course, through our savings, pension funds and other investments. Great when it makes a bit of money for us and our pension fund, not so great if it goes tits up again. Link to comment Share on other sites More sharing options...
harvey19 Posted July 21, 2011 Share Posted July 21, 2011 There's an old saying that the love of money is the root of all evil. Worth considering in present times. Another saying is that it is easier for a camel to pass through the eye of a needle than a rich man through the gates of heaven. Link to comment Share on other sites More sharing options...
taxman Posted July 21, 2011 Share Posted July 21, 2011 Remember, "we're all in it together". I'm sure the lollipop lady who has just been laid off due to lack of funds wouldn't begrudge the bankers their well earned bonuses. Link to comment Share on other sites More sharing options...
rickiethecat Posted July 21, 2011 Share Posted July 21, 2011 There's some very bitter and jealous people on here. Why can't they just accept that some people earn more money than they do, just as there are also people who earn less? Link to comment Share on other sites More sharing options...
truman Posted July 21, 2011 Share Posted July 21, 2011 There's some very bitter and jealous people on here. Why can't they just accept that some people earn more money than they do, just as there are also people who earn less? Quite.. I don't remember there being a problem on here when Direct SPorts announced bonuses of double their worker's wages a couple of weeks back.. Link to comment Share on other sites More sharing options...
scottf Posted July 21, 2011 Share Posted July 21, 2011 Well with that level of bonus's at least london drugs dealers and overpriced cocktail bars should start recovering again - i bet its been a tough times for them! Link to comment Share on other sites More sharing options...
ANGELFIRE1 Posted July 21, 2011 Share Posted July 21, 2011 It's nowt to do with any of us what bankers get paid, either in wages or bonuses. The problem is we the public now own a controlling interest in some banks that we the public bailed out. We do have an interest in what these banks pay their "staff". All bonuses should be suspended until all the money they received from the public purse is re paid. Regards Phil* Link to comment Share on other sites More sharing options...
truman Posted July 21, 2011 Share Posted July 21, 2011 It's nowt to do with any of us what bankers get paid, either in wages or bonuses. The problem is we the public now own a controlling interest in some banks that we the public bailed out. We do have an interest in what these banks pay their "staff". All bonuses should be suspended until all the money they received from the public purse is re paid. Regards Phil* Do we know which banks paid what? How much is still owing by the banks? If they still owe money then how will making their employees seek employment elsewhere (moving to banks who will pay a bonus) help tp repay it..? Genuine questions.. Link to comment Share on other sites More sharing options...
Stan Tamudo Posted July 21, 2011 Share Posted July 21, 2011 It's nowt to do with any of us what bankers get paid, either in wages or bonuses. The problem is we the public now own a controlling interest in some banks that we the public bailed out. We do have an interest in what these banks pay their "staff". All bonuses should be suspended until all the money they received from the public purse is re paid. Regards Phil* I agree with you Phil. Link to comment Share on other sites More sharing options...
andikay Posted July 21, 2011 Share Posted July 21, 2011 http://uk.finance.yahoo.com/news/City-bonus-row-sheer-greed-tele-3771496276.html According to this article, bonuses of £14bn were paid to bankers and financial sector workers to the end of the last financial year, up £2bn from 2008/09, and on average only £100 less per person than last year. I for one, am a little disgusted by this. I've previously been of the thought that private companies can pay whatever bonuses they want, particularly the ones that didn't need a bail out. I still do think that on the whole, but clearly there is a heavy public interest in ensuring bonuses are not excessive (bonus culture partly blamed for excessive risk taking), something which the government, Osbourne and Project Merlin have obviously completely failed in. What you have to think is, whose money are they playing with, where does it come from? From the people of course, through our savings, pension funds and other investments. Great when it makes a bit of money for us and our pension fund, not so great if it goes tits up again. Do you use any of the banks that paid large bonuses? if you do and you disagree with the bonuses being paid stop using the bank, there’s plenty of choice. Link to comment Share on other sites More sharing options...
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