Bankers Bonuses

[redvanman]

Banker should not get bonuses till all the tax payers money is paid back. That help to bail them out

[SIRandyraven]

Yes I agree.
Ban the bonuses and let all the talented staff take jobs at other banks and hedge funds and make them loads of dosh ...and leave the staff who can't work elsewhere take jobs at those bailed out banks ....oh hang on ....

P.S. If any reader of Answerbank can make me £10 million in one year ...I will pay them a £2 million bonus :-)

[emmie]

the bankers are relatively few in number that make that kind of money. the rest of banking industry are not remotely like that.

[factor-fiction]

I understand why people feel puzzled when someone receives a huge bonus for doing their job, but really it's just a 'payments by results' or 'productivity' scheme.
Which bankers are getting the bonuses that you are referring to, redvanman? What if they are contractually entitled to them, and have made the business much more profitable (or less unprofitable) than it would have been.
Have you allowed for the fact that 45% of the payment (plus 2% NI, I think) will be going to the public purse (the taxpayer) as tax.
Not all banks got any tax payers' money.
And the bail out was in the form of the government buying shares in banks. The government could sell these at some stage

[ChillDoubt]

http://www.theanswerbank.co.uk/News/Question1318143.html

[factor-fiction]

Is it better to ban bonuses and pay a higher basic salary then?

[factor-fiction]

Share price is £3.28

[factor-fiction]

Should we pay all RBS staff the minimum wage then?
Should the Labour government have left the banking system to fail?
Are you just against RBS giving bonuses or all banks?

[factor-fiction]

I probably already have some- and so may you- as the government owns some and our pension funds will have them, and the price went up today so someone is buying them still. Of course their value has fallen significantly since the 2008 crash.
What's the way forward then?

[Dee Sa]

I agree with you 100% redv, why should the taxpayers [ us the good guys] bale/bail them out and the they receive big bonuses, firstly the money should be paid back from their bonuses.

[woofgang]

Please keep in mind though that SOME, not all, of the recently reported bonuses are being paid to employees of banks which weren't bailed out by the taxpayer.

[solvitquick]

No bonuses ever for directors of loss making businesses even if government money is paid back, which it won't be.
No point in suing a straw-man - he'll make sure he stays made of straw (on paper).
Banks should have been let to go to the wall like any other private industry. Foreign or U.K. Conglomerates would have bought them fast during an interim while customers received service and good long-sighted were managers installed.
They're STILL playing risky-stock casino with our savings. After all why not? We bailed them out once - affraid of an apocaclypse - so why not back to bad-business as usual.
I'm a mixed-economy man but let's face it, we Brits are bum capitalists!
SIQ.

[Psybbo]

Another view, I found this article interesting
http://www.theguardian.com/commentisfree/2014/mar/03/new-breed-fat-cats-university-boss-vice-chancellors