Public must learn to 'tolerate the inequality' of bonuses, says Goldman Sachs vice-ch

[CheeseSlice]

There are other ways to incentivise top performers in the banking industry.

For starters how about "not being fed to lions" if you do a good job today

[George Parr]

Priceless.
Flipping priceless.
I can feel a new sig coming on.

[Zippy]

So ...
- they screw up
- we give them a lot of money to keep their badly run businesses going
- the following year they trouser a shed-load of money for doing fck all
- we then get a lecture on how this is all good for us

And - this is absolutely the best bit - this self-serving, nonsensical bollocks is delivered at St Pauls Cathedral (that'll be 10 quid to get in, btw).
To paraphrase Jesus (who I am given to understand had firm views on this matter) - you can serve God or money, so take yer pick.

You couldn't make it up.

[Dong]

I believe that banks can pay their employees what they want.

As soon as they pay me back!

How can they threatened to leave? Doesn't the UK taxpayer own at least some percentage of them by now??? Don't tell me our government gave them the money with no assurances????

[centurian]

Don't tell me our government gave them the money with no assurances????

You wanna bet on that

Rest assurred banks have been putting tremendous effort into going over their agreement (if any exists) with the government looking for every way possible to extract more money from them, while devolving any responsibility to deliver anything.

And if that doesn't work, they can just
a) Threaten to sue the government, probably under the Human Rights Act
b) Threaten to bring the economy to its knees again

[Dong]

Hmm, that reminds me of something...

Britannica Concise Encyclopedia: extortion

Unlawful exaction of money or property through intimidation or undue exercise of authority.