Bankers moaning

Bankers are moaning that the EU has asked for curbs on bonuses. Wanting bonuses restricted to 100 per cent whereas they now get 200percent of their salary. Is it just me but why should they get a bonus of these amounts at all. Working class people do not get bonuses of this proportion. With their performances that put us in trouble economically they ought to think themselves lucky to be in a job.

 

Give them a pick & shovel apiece & send them down a coal-mine, then they would have something to moan about.

 

I agree with your sentiment and I am no banker's apologist, but there are a significant number of sales people who are give a very low basic wage and boost this with their sales bonus. I'd hope any new legislation takes this into account. I'd rather see a monetary limit set rather than a percentage limit set.

 

It is if that same banker is not expected to take a cut if they then go on to lose £10m for the employer next year.

It's not their money that they are gambling with and quite often these gains are made on the back of rising markets, not because the banker is skilled at stock picking and the likes. Those kind of bonuses encourage excessive risk-taking and look where that got us!

I'm a capitalist by nature - but I find the bonus culture (especially excessive one) abhorrent. There's got to be a better way.

Banking should be boring.

 

WTF. Getting a bonus for failure.

Only in this country.

Jeremy Vine on Radio 2 today are going to be discussing the subject matter. I very much doubt it will be a balanced discussion and I might feel like throwing something at the radio.

For Bankers read W@nkers

 

Whether the bankers deserve these bonus' or not is a different point. Personally I believe they are overpaid and the job is more luck and inside info than judgement- it's jobs for the boys.

Anyone with the right application can do these jobs so the employers are paying over the market rate and could easily replace and train up new people.

However given the vast sums of money these guys make for their employers the bonus is a drop in the ocean if they have a good year and make a good return.

However everything else aside I fail to see what the hell it has to do with the EU, you, or anyone else for that matter how much bonus I pay my employees - or indeed how much bonus I can earn or indeed how my renumeration package is structured (over the minimum wage that is).

Every single person - including the working class - is entitled to negotiate their renumeration in a way that suits them and their employer - and indeed apply for these banking jobs.

Having said that the Government - with RBS really has to be sensitive to the shareholders - the general populace - and really should be taking a lead - showing that these jobs can be done without massive bonusus (bonus', bonusess, bonii **** it?) that seem to be so offensive to it's stakeholders.

 

The whole bonus culture is out of control. It's reasonable to get a small thank you if you are successful in any field however this has gotten out of control. They should be paid for the work they do with bonuses capped at 5 percent of salary. They are not expected to return their salaries if they post losses given the recent financial picture some of them would be working for free forever if they were.

 

Really? Well tomfun I really must disagree. Then again through the incompetence of the W@nkers, Sorry Bankers in this country I lost my job and a right lot of money which was put by for my retirement.

Don't get me fkn started on the irresponsible and incompetent banking industry.

 

A mate of mine from uni who is from a 'good family' walked into this line of work when we left. He was completely unsuited to it and terrible at it still managed to make a fortune for a few years. It's very naive to think it's not all fuelled by nepotism.

 

Well it does appear that is exactly what they have been doing.

 

Couldn't take the pay cut.

 

It's definitely time to institute a high pay commission to look into the inflation of salaries at this end of the market. We shouldn't need the EU to sort out our mess.

 

You have not got a prayer of getting a job with ANY of those banks, unless you were born to the right family, or joined the right club at University !!
This is a fact of life.

 

It is only a minority of the Banking industry that gives these obscene bonuses though, the ones on the front line in the banks see little of them !

 

B0llocks. I have a mate from uni who attended a northern state school, has no family connections and is now working for a large bank in the City.

Don't let that stop you making sweeping generalisations though.