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Bank bonuses

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    Bank bonuses

    What does the panel think then? Should banks be allowed to pay bonuses after having been bailed out by the taxpayer?
    "Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "


    Thomas Jefferson

    #2
    Not with taxpayers money, no.
    Older and ...well, just older!!

    Comment


      #3
      Yes. A Mars bar for every employee who keeps his shoes polished every day for a year.
      And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

      Comment


        #4
        Originally posted by ratewhore View Post
        Not with taxpayers money, no.
        So the main argument for the bonuses is that they will retain the good staff, work the banks out of the hole they are in and then HMG can sell the shares later for a profit. If they don't then the good staff leave, the bank goes down the tubes and the taxpayer loses all that bailout money. Seems a little too simplistic to me.
        "Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "


        Thomas Jefferson

        Comment


          #5
          Originally posted by Mich the Tester View Post
          Yes. A Mars bar for every employee who keeps his shoes polished every day for a year.
          Only if it's fun size.
          I'm better than dirt. Well, most kinds of dirt, not that fancy store-bought dirt... I can't compete with that stuff.

          Comment


            #6
            The argument some people are giving is that if they don’t pay bonusses then the most talented people will leave. Which begs the question; where will they go? If nobody’s hiring, there’s no need to fear people leaving.

            So no. No bonuses until the taxpayer has been repaid. At that stage, those who have contributed most can be rewarded handsomely, especially software testers.
            And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

            Comment


              #7
              Originally posted by Ruprect View Post
              So the main argument for the bonuses is that they will retain the good staff, work the banks out of the hole they are in and then HMG can sell the shares later for a profit. If they don't then the good staff leave, the bank goes down the tubes and the taxpayer loses all that bailout money. Seems a little too simplistic to me.
              But if the 'good' staff leave, where are they going to go? Another bank that owes money to the government? Or sit on the bench with the rest of us?

              I think its OK to give a bonus to the lower-end of the staff group, but higher managerment, etc, a big no, but maybe offer a bonus based on ther performance to get them out of the hole they are in.

              If you give someone a bonus for doing a crap job, then what do you give them for doing a good job?

              Comment


                #8
                Originally posted by Mich the Tester View Post
                The argument some people are giving is that if they don’t pay bonusses then the most talented people will leave. Which begs the question; where will they go? If nobody’s hiring, there’s no need to fear people leaving.

                So no. No bonuses until the taxpayer has been repaid. At that stage, those who have contributed most can be rewarded handsomely, especially software testers.
                developers

                Comment


                  #9
                  Originally posted by Mich the Tester View Post
                  The argument some people are giving is that if they don’t pay bonusses then the most talented people will leave. Which begs the question; where will they go? If nobody’s hiring, there’s no need to fear people leaving.

                  So no. No bonuses until the taxpayer has been repaid. At that stage, those who have contributed most can be rewarded handsomely, especially software testers.
                  They don't necessarily have to leave. Some of the people we're talking about work absolutely insane hours, with the expectation they'll be rewarded with a decent (Dunno if anyone is expecting big this year - was out with a couple of guys I know in IB last night, and they reckon 60% of what they got last year would be better good).

                  If you don't reward them for the hours put in, they won't put them in with the obvious consequences for the bank in question.
                  Hang on - there is actually a place called Cheddar?? - cailin maith

                  Any forum is a collection of assorted weirdos, cranks and pervs - Board Game Geek

                  That will be a simply fab time to catch up for a beer. - Tay

                  Have you ever seen somebody lick the chutney spoon in an Indian Restaurant and put it back ? - Cyberghoul

                  Comment


                    #10
                    Originally posted by Ruprect View Post
                    So the main argument for the bonuses is that they will retain the good staff, work the banks out of the hole they are in and then HMG can sell the shares later for a profit. If they don't then the good staff leave, the bank goes down the tubes and the taxpayer loses all that bailout money. Seems a little too simplistic to me.
                    Where are the good staff going to go? Not exactly a booming sector is it.

                    They're just bluffing, time to call and let them squirm.
                    Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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