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UK banks accept curbs on bonuses

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UK banks accept curbs on bonuses

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pcernie

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Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

UK banks accept curbs on bonuses

http://news.bbc.co.uk/1/hi/business/8283735.stm


	Quote: While the curbs do not limit bonuses, the changes will include the banks having to disclose all such payments.

Whoo!

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Wed Sep 30, 2009 10:43 pm

l3v1ck

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Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)

Re: UK banks accept curbs on bonuses

I don't object to bonuses........... as long as they are based on long term results. Short term greed is what caused the financial mess we're in now.

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Thu Oct 01, 2009 3:00 am

Amnesia10

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Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)

Re: UK banks accept curbs on bonuses

Long term bonuses are fine, but many are based on business models that are fundamentally flawed like securitisation and credit default swaps.

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Thu Oct 01, 2009 8:01 am

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