Apparently Alistair Darling and Sir David Walker (ex Chairman of Morgan Stanley) will take until the end of the year to complete their review into the bonuses paid to Bankers.
Which seems a curiously long time to take to say 'You aren't getting any'.
They seem to think that there may be some 'contractual' issues with the Government, who are now major shareholders in a few of these Organisations, telling their staff that because the Company lost so much money that the Taxpayer had to bale them out they will not be receiving their Bonus. Although it may seem unfair on those staff that had nothing to do with the loss incurred, it's even less fair that many people are now without jobs and homes because of the epic nature of the banking industries failure in self regulation.
Which seems a curiously long time to take to say 'You aren't getting any'.
They seem to think that there may be some 'contractual' issues with the Government, who are now major shareholders in a few of these Organisations, telling their staff that because the Company lost so much money that the Taxpayer had to bale them out they will not be receiving their Bonus. Although it may seem unfair on those staff that had nothing to do with the loss incurred, it's even less fair that many people are now without jobs and homes because of the epic nature of the banking industries failure in self regulation.
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