Should bankers’ bonuses be capped at 100% of their pay?
In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. There are currently no caps on banker's pay in Australia. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers' pay will push up non-bonus pay and cause bank's costs to rise.
@9DNJPSJ7mos7MO
Banks are private business`s and so we shouldn`t regulate how they pay people - we should however look at how they operate and make them far more accountable for the misery they inflict on people in the name of profits
@98YDX2R1yr1Y
Every banker should earn a bonus 10%, consistently.
@97YSHRY1yr1Y
No, it should be determined by the shareholders of the company
no, everyone has a choice of who they bank with.
@933N47S2yrs2Y
There should not be any bonuses, they are paid to do their job and that should be it!
@932ZMLZ2yrs2Y
No, but introduce a true National not-for-profit bank to set the standard and give the private banks legitimate competition.
@8W5DZDJLiberal Democrat2yrs2Y
Banks shouldn't be taxed or be able to print any money
@8TMB9YWLiberal Democrat3yrs3Y
Bonuses should be directly related to successful outcomes and should not be paid if (pre determined) outcomes are not met.
@8TLHSVKIndependent3yrs3Y
No, but there should be a safety cap on the percentage of a bank's total holdings it can risk per investment type, meaning a cap on potential bail-outs. Eg. Allowing a higher risk cap on mortgages than on companies.
Don’t understand the question
They should not receive bonuses at all it as drives dishonesty,greed,conflict of interest and foul play
@92ZFQJB2yrs2Y
No but the criteria for bonuses should be ethical
@92ZDPT62yrs2Y
the bonus system invites immoral practices,negotiate pay and abide by it
@92YMTZZ2yrs2Y
They, along with all directors, should only get a base retention based on the size of the company, then paid in the same amount of shares every year. If they do well, they profit when the shares rise. Their bonus would then be the same shares next year with an increased value
@92X8V942yrs2Y
@92X532XIndependent2yrs2Y
No, but it should not come at the cost of workers wages and bonuse
@92SZ42J2yrs2Y
Bankers' bonuses should be capped at 20% of their pay.
No, and have the cap up to 90%
No, but the bonuses should be reasonable and not outlandish. Should pass the pub test.
@8YHWBXV2yrs2Y
no bank management should get the same size bonus as all their employees
@8Y22ZR4Independent2yrs2Y
They can't all be doing a great job
@8WQ4GBJ2yrs2Y
No, but create a government-owned bank
i dont even know what this means lmfao
@Yods082yrs2Y
Shareholders should be monitoring this
Yes, so that shareholders can determine if a CEO is worth tens of millions of dollars every single year.
Yes, and lower the cap to 5% -10%
Yes, and lower the cap to 90%
There should be no bonuses whatsoever!
@8ZSH8WQ2yrs2Y
Bonuses should be capped at 100% and only issues in stock options that are mandated to stay for 10+years without being sold so CEO are investors in their company beyond their working life
@8ZLMKPH2yrs2Y
It depends on their contract
@8D2H6GM4yrs4Y
I don’t care. I’m not a banker.
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