The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
by social contract, you mean?
No, just that banks borrow the money they lend from someone else again. Their banks after all, not just rich...
do even bankers that are low on the food chain get massive bonuses?
As far as I can tell, yes. Or at least much lower on the food chain than elsewhere. People I knew who started as lowly analysts in London already got high salaries, although they had to work their brains out. But the weird bonuses already started a little higher up the ladder.
Not multi-million or so, but still amounts most people would call a good year's income, and importantly depending on short-run performance.
That's what I never understood. I understand why CEOs can give themselves free money: there is no one above them in a position to stop them. Doesn't mean I like it, but I understand the mechanism to some extent.
But both for bankers and banks I don't understand.
by gmoke - Aug 14 2 comments
by Frank Schnittger - Aug 12 8 comments
by Oui - Aug 12 9 comments
by Frank Schnittger - Aug 1 20 comments
by Frank Schnittger - Aug 3 4 comments
by Oui - Jul 12 52 comments
by gmoke - Aug 1
by gmoke - Jul 31 3 comments
by Oui - Aug 151 comment
by gmoke - Aug 142 comments
by Frank Schnittger - Aug 128 comments
by Oui - Aug 129 comments
by Oui - Aug 940 comments
by Oui - Aug 716 comments
by Frank Schnittger - Aug 34 comments
by Oui - Aug 31 comment
by Oui - Aug 211 comments
by Frank Schnittger - Aug 120 comments
by gmoke - Jul 313 comments
by Oui - Jul 3016 comments
by Oui - Jul 30
by Oui - Jul 261 comment
by Oui - Jul 253 comments
by Oui - Jul 239 comments
by Oui - Jul 1971 comments
by Oui - Jul 1932 comments
by Oui - Jul 1693 comments