n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.
Narrow down the conversation to these participants:
Discussions from these authors are shown:
Political party:
Borough:
@9FJBQ4M2yrs2Y
Yes, lower the cap right down and nationalise the banks
@946BL2K3yrs3Y
Yes, and nationalise the banks if they accepted bailouts from the governemnt
@8RYLHCM4yrs4Y
Yes and lower the cap to 75%
@8RYDD3N4yrs4Y
No, privately run banks should be allowed to award bonuses as they see fit, majority publicly owned banks should have a cap.
@8RVJ8SV4yrs4Y
Bankers' bonuses should be eliminated for all earning more than £100K a year.
@8PX3KXC4yrs4Y
No as talented workers will be driven to foreign markets. Though bonuses given even during failure should be shamed publicly
@99TFBR52yrs2Y
No, but only if the banks are not using government subsidies or increased fees from citizens to pay their successful employees
@8WQCNHN3yrs3Y
Eliminate bonus structures.
Yes and lower the cap to 20% and based on banks being bailed out, they should be directing profits back to the government at a higher rate!
@8SLLC2Y4yrs4Y
Yes, and lower the cap to 20%; also reward according to success and sustainability of the company; eg its record on providing livelihoods to workforce; don't reward carpetbagger activities such as stock buybacks to increase share price
@8SST2LY4yrs4Y
whatever they agreed to upon starting the job
@8SNMXFH4yrs4Y
Bankers shouldn't get bonuses. They earn too much already.
@8W2NTRK4yrs4Y
No, But all employees should receive the same bonus, pro-rata in respect of salary and hours worked.
The political themes of 7.9k users that upvoted this question
Join in on more popular conversations.