No option in dealing with bank shares
Bankers must not be allowed to capitalise further on our banks’ woes through the generous share options that have prevailed in the past.
The boards of financial institutions may be slow learners when it comes to picking up the political signals that big pay packets will not be tolerated at banks benefiting from public bailouts.
It took some time for the top brass at US car companies and financial institutions, for example, to realise that the US political classes couldn’t be seen to tolerate fat cat pay and bonuses at companies bailed out by the US taxpayer....
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