During this time, it has developed an intricate knowledge of the Retail, Commercial Banking, Asset Management and Insurance sectors.
The Bonus Issue – the fight back into the top league
Another day and another whinge about bankers’ bonuses. I have to say I do agree with Paul Mumford (click here to view article )
To be honest I really don’t understand how people can complain about strong performers being rewarded accordingly. We all know that some Banks have been “greedy” in the past, but now more than ever they need good people to lead them through these turbulent times and back into profit.
As a taxpayer and, therefore, a shareholder of the Banks rescued by the Government, I want them to perform well and provide value to my investment. If a cap is put on bonuses, it will be very difficult to retain and indeed hire talent into the organisations. I suppose the situation is a bit similar to football - we know that some footballers are overpaid, but if your team was relegated, wouldn’t you want it to retain the best players to get back into the Premiership?
November 4, 2009 10:31 AM | Permalink
