European Tribune - Comments - Wednesday Open Thread

Wednesday Open Thread | 74 comments (74 topical, 0 editorial, 0 hidden)

Re: Wednesday Open Thread (none / 0)

but providing the bonuses isn't really about doing their duty for the shareholders. the bonus system is an internal stitch up for the plutocrat club members.

the people at pension funds(a) and other investment groups who vote for bonuses at banks(b) are people who get bonuses themselves, probably voted upon by the very people who they voted for. Scratch my back and I'll scratch yours. It's got nothing to do with shareholder value.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Dec 2nd, 2009 at 01:48:20 PM EST
[ Parent ]

Re: Wednesday Open Thread (none / 0)

No, they believe that bonuses are necessary motivators and just rewards. It's just easy to believe that when you and your friends are the ones getting them.

by Colman (colman at eurotrib.com) on Wed Dec 2nd, 2009 at 02:43:05 PM EST
[ Parent ]

Re: Wednesday Open Thread (none / 0)

Maybe they do, but you can still believe in bonuses as motivators and not have the situation where non-trivial percentages of bank profit are delivered as bonuses to the few instead of to shareholders. My description explains how that current runaway situation evolved.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Dec 2nd, 2009 at 02:56:07 PM EST
[ Parent ]

Wednesday Open Thread | 74 comments (74 topical, 0 editorial, 0 hidden)

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