Thursday, 3rd Dec 2009
Bankers bonusses
The banking world has to wake up to bonus payments, especially those who have been bailed out by the taxpayer. It is incredible that after having £25bn of public money to keep them open they are thinking it is business as usual It is not.
The public have borne the brunt of their past decisions and kept them afloat when they where on the verge of collapse. It is immoral to think that as the rest of the country struggles through a recession they can continue to pay themselves super bonus’ and threaten to quit if the public don’t agree.
I think that the veto UKFI hold is important and should be used – we would be neglecting out duty as a shareholder if we didn’t have this power in reserve.
Posted by Jim on Thursday, 3rd Dec 2009