A fantastic article by David Lazarus over at the Morning Call about employee bonuses, asking why, if the folks on the ground can do a good job without them, do banking execs and other high rollers insist on awarding themselves big fat compensation packages and executive getaways.
Given the current farce taking place in front of the Treasury Committee, and Lloyds’ latest cunning plan to pay out £120m in bonuses, one has to wonder how long it’s going to be before one of these greedy sods takes a fall. Where the heck do they get off claiming that senior execs – who helped the company into a position where they needed a publicly-funded £17bn investment package – deserve “financial recognition for hitting targets”?
The more I consider it, the more I think some kind of action should be taken against these money-grubbing weasels. Like, for example, massive fines used to pay bonuses to branch staff and others who daily have to bear the brunt of these world-class idiots’ actions. Hit them where it hurts – in the wallet.
