Comments on: UK bank bonuses to rise despite bailouts http://www.financemarkets.co.uk/2009/10/21/uk-bank-bonuses-to-rise-despite-bailouts/ Finance News | UK Personal Financial News & Daily Finance Market News Mon, 14 May 2012 17:44:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Martin Hogbin http://www.financemarkets.co.uk/2009/10/21/uk-bank-bonuses-to-rise-despite-bailouts/comment-page-1/#comment-9143 Martin Hogbin Sat, 24 Oct 2009 09:49:23 +0000 http://www.financemarkets.co.uk/?p=14028#comment-9143 The argument for bonuses is that their payment attracts staff who improve the performance of the bank. The onus should therfore be on the directors to prove that the bonuses that they pay actually do improve the bank performance and long term security. If they can do that I have no problem with paying out. Of course, it is up to the shareholders (especially the Government) to ensure that the directors act in their best interests. Perhaps a few heads should roll. The argument for bonuses is that their payment attracts staff who improve the performance of the bank. The onus should therfore be on the directors to prove that the bonuses that they pay actually do improve the bank performance and long term security. If they can do that I have no problem with paying out.

Of course, it is up to the shareholders (especially the Government) to ensure that the directors act in their best interests. Perhaps a few heads should roll.

]]>