Thursday, December 23, 2010

Bankers to quit if bonus payouts are curbed

With public anger at bankers in the wake of the financial crisis high and the Government threatening to clamp down on bonuses, many are saying they will do what their critics say they should — quit.

Nearly half of workers in the financial services sector are threatening to find new jobs if their expectations for bumper bonuses are not met this Christmas.

The dissatisfaction would (could) lead to a wave of defections — though precisely where they would defect to is not explained.


I say, kick them to the curb!


By the way, if you are curious just how much these greedy people have been benefiting from the misery of the masses-

-Last year, £7.3 billion was paid out in bonuses to London bankers
-Bank workers have seen their pay increase by an average of 17% this year to compensate for the limited bonus payouts.
-Half said that they anticipated bonuses equivalent to 47% of their base salary
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In some areas, such as investment banking and mergers and acquisitions, hopes are even higher with the average bonus expected to be 72% of salary.

Soooo how many of you got a 17 percent pay increase?

How many of you are expecting a bonus equivalent to almost half of your yearly salary?

How many of you are expecting a bonus equivalent to nearly three quarters of your yearly salary?

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