Author Topic: Performance Related Bonuses
Eager_Igraine 
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Subject: Performance Related Bonuses
http://www.bbc.co.uk/news/uk-politics-16937804

posted:
Last week, Royal Bank of Scotland boss Stephen Hester gave up a bonus worth almost £1m amid public outcry.

This followed the announcement that the bank - of which 82% is owned by taxpayers - was laying off 3,500 staff around the world.

In the Labour-led debate in the Commons, shadow business secretary Chuka Umunna dismissed suggestions his party was being "anti-business".

He said: "The public rightly expects that the culture of excessive bonuses must stop. That means bank executives' remunerations - stated to be 'performance-related' - should be just that, related to performance.

"Very large bonuses should only be paid to reflect genuine exceptional performance if trust in the system is to be maintained."


 

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Yossarian_42 
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Subject: Performance Related Bonuses
Random citizens thinking they know how businesses should be run will never cease to make me laugh.

I had never seen rank bitterness and jealousy manifest is such a pitiful way before the proletariat started taking to the streets and crying over how businesses spend their money.

 

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Altra_Shadowstalker 
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Subject: Performance Related Bonuses
82% of the company owned by the public doesn't make them "random citizens."

 

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ZigmundZag 
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Subject: Performance Related Bonuses
It also doesn't mean they're crying over "how businesses spend their money", but "how government-owned entities spend their money". Bonuses are silly when poorly performing companies hand them out to themselves. They're criminal when publicly owned companies do the same.

 

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Manegarm 
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Subject: Performance Related Bonuses
Altra_Shadowstalker posted:
82% of the company owned by the public doesn't make them "random citizens."

 

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