Bash the banker as Election rhetoric ramps up

Posted by Stuart Lauchlan in Management & Execution on Mon, 05/04/2010 - 11:25
  • With the starting pistol for the General Election imminent, 'bash the banker' is the one thing that all the political parties have in common...and to hell with the facts!
With the General Election set to be called this week, attacks on senior executives at financial services giants are likely to get ever more ferocious, but even in the relative calm of the 'phoney war' the electioneering rhetoric has been getting tougher.    Actual and deferred bonuses paid to executive directors in the UK's leading 350 listed companies fell from an average £707,502 to £393,412 in the year ending 2009, according to little noticed research from the Reward Technology Forum last week.

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What are your top business challenges today?

2009-08-12 14:53 - 8364 reads
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The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more

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