Tag Archives: bankers’ bonuses

Pay at the top has become a self-enriching racket

Canary wharf ncrj

The relationship between bonus increases and profit growth is virtually non-existent.

Posted in Sustainable Economy | Also tagged , , , | 20 Responses

The banks are using their political influence to defend the interests of their highest-paid employees

Banks 2-JPEG

Capitalism’s legitimacy will disintegrate if a tiny elite are allowed to capture the rewards of growth for themselves.

Posted in Sustainable Economy | Also tagged , , , , | 1 Response

RBS – the accidental British bailout of the Irish state

Ulster Bankj

Ulster Bank remains the missing part of the RBS story.

Posted in Sustainable Economy | Also tagged , , , , | 3 Responses

HSBC’s mammoth payouts show there is a real case for taxing bankers’ bonuses

HSBCj

This week’s announcement by HSBC of the extent to which they are circumventing European Union rules limiting bankers’ bonuses provoked more than usual outrage.

Posted in Sustainable Economy | Also tagged , , , , | 3 Responses

Boris should lobby for London, not the City

In 2010 and 2011, just 2,500 top bankers earned enough in bonuses to bring all 750,000 Londoners currently on poverty wages up to a living wage.

Posted in Good Society | Also tagged , , , | 3 Responses

The first place to start on bankers’ pay is that it needs to be lower

Does anyone deserve to make sums of money so far in excess of what the majority of UK workers earn?

Posted in Sustainable Economy | Also tagged , , , | 3 Responses

It’s official: high earners delayed their bonuses to take advantage of Cameron’s 50p tax cut

The Office for Budget Responsibility (OBR) yesterday made it official: high earners delayed their bonuses to take advantage of Cameron’s top rate tax cut.

Posted in Sustainable Economy | Also tagged , | 5 Responses

You do the crime, you do the time. It seems that’s the case everywhere but banking

Money laundering, forgery, fraud, corruption – if you do the crime, you do the time. It seems that’s the case everywhere but banking.

This is one conclusion arrived at after a year on the Parliamentary Banking Standards Commission (PBSC) examining the standards and culture of the industry. Why is it an off-shore island seemingly not subject to the normal rules of society?

Posted in Sustainable Economy | Also tagged , , , , | 4 Responses

Big pay rises at top British companies

The 100 best-paid chief executives of British companies were paid £4.3 million each on average last year, an increase of 13 per cent on 2011, research has found.

Posted in Sustainable Economy | Also tagged , , , , , | 2 Responses

George Osborne is on weak ground opposing sensible proposals on bank bonuses

Despite record fines for everything from mis-selling to Libor rate fixing and even money laundering, it has been another season of bumper bonuses. Yet against this backdrop our chancellor finds himself in Brussels arguing against a plan to rein in excessive bonuses.

Posted in Sustainable Economy | Also tagged , , , , | 57 Responses
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