An Advantage Of Brexit?

[sandyRoe]

The EU limited the level of bankers bonuses to no more than twice their annual salary. There's talk of abolishing that limit.
As we sit considering our Winter fuel bills isn't it good to know the shackles imposed by an unelected foreign bureaucracy are being cast off.

[naomi24]

I can't see the connection. Europe's bills are rising too - and have to be paid regardless of anyone's bonuses.

[sandyRoe]

It was an attempt to emphasise the yawning gap between the working poor and the filthy rich.

[naomi24]

I know what your purpose was. Poor attempt.

[sandyRoe]

Any thoughts on the bonuses?

[ToraToraTora]

Thanks, you illustrate perfectly the problem with the EUSSR and why the majority voted to leave. It is not the business of public authorities to interfere with what companies in the private sector do within their comp policy.

[naomi24]

No. People work at the jobs they do.

[ToraToraTora]

08:58: Insert "one reason" between "and" and "why"

[JDavis]

I agree with you, Sandy. Society gets more unequal by the day.

[youngmafbog]

Well get off your backside and get a job that would be higher paid then.

Or is it easier to sit on here moaning at those that have?

[naomi24]

Curiously the OP doesn't object to his own personal wealth - but that was acquired not by working, as those who earn bonuses do, but by winning it in a television quiz show The half a million he won twenty years ago equates in today's terms to 1.5 million or thereabouts. Hmmm … not bad at all. Bit hypocritical of him though.

[sandyRoe]

Naomi,
I never saw you as someone who'd sink to an ad hominem attack.
I live and learn.

[youngmafbog]

The OP also fails to understand what exactly is proposed.

All it means is they can pay a lower salary (and therefore lower pension contributions and redundancy) and make the pay performance based. Just like a McVities biscuit salesman.

They will still end up with the same pay, if anything its detrimental to the earner of the money as it isnt guaranteed.

[JDavis]

Don't understand the relevance of winning money on a quiz show to the shameful inequality in society. Same goes for getting a more highly-paid job.

[naomi24]

No attack, sandyRoe - the truth, that's all. You didn't mind chasing wealth by any means available to you, but they earn what they have and they, according to you, are wrong. Hypocrisy, plain and simple.

[youngmafbog]

//Same goes for getting a more highly-paid job.//

Try getting one, they are not as easy to do as you think.

People like the very high paid Bankers usually live their life around their work. In the case of Traders and Fund Managers the long term career prospects are short. Most burn out or give up the high flying positions.

If you dont pay people enough they wont do it. Then thats your pension stuffed as I doubt very much you could do your own. I couldn't and I have a lot of experience in Banking.

[naomi24]

People who complain about it very likely couldn't do the job - and if they understood what's involved, they wouldn't do it if they could.

[New Judge]

//...isn't it good to know the shackles imposed by an unelected foreign bureaucracy are being cast off.//

Yes it is good to know. There is no reason why governments or quasi-governmental supra-national organisations should control what commercial companies pay their employees.

[youngmafbog]

Quite Naomi, seen it so often.

[JDavis]

youngmafbog,

Yes, I know. That's why I said it's not a solution to the problem.

[youngmafbog]

Or in this case how NJ !