I don't want to pay any more bankers bonuses

opinions4u

ViolaLass wrote: »

Then I would have thought the solution would be to change the way bonuses are earned and paid, rather than abolishing them altogether.

Paying them in shares, rather than cash, is not the solution.

Andy Hornby (HBOS) took all his bonuses in shares - it didn't stop the risk taking.

ViolaLass

opinions4u wrote: »

Paying them in shares, rather than cash, is not the solution.

Andy Hornby (HBOS) took all his bonuses in shares - it didn't stop the risk taking.

But you could also change what the bonuses are paid for i.e. make the aims more long term. I can't be more specific as I don't know enough about the system.

Blindpanda

"Dutch bankers' bonuses axed by people power"
(by theguardian.co.uk"

As a new user i cannot post the link to the article but here's an excerpt.

"Britain has a rival when it comes to bashing bankers. After a furious row over pay packages at Amsterdam-based ING in which thousands of customers threatened to make mass withdrawals, the Netherlands is now vying for the title of Europe's most bonus-hating country.A growing Dutch political storm could end with a blanket ban on bonuses to financiers who work for institutions bailed out by the taxpayer.
ING customers mobilised on Twitter and other social networks to protest at bonuses paid to bosses at the bank, one of the biggest in the country. The threat of direct action raised the spectre of a partial run on ING, terrifying the Dutch establishment. Fred Polhout, union organiser at the bank, says: "People were outraged. We heard about the bloated sums being paid again in the City and in New York; but suddenly the issue exploded on our own front door.""

Good to see that the people can make a difference.

Although our tiny savings and investment only add up to a small percentage of overall profits, if we collectively decide we've had enough and withdraw, the impact it will have Can be enough.