Letter: Bonus blow-up
The public may be prepared to accept large payouts to bankers if it was explained what they are are actually for. The general perception at present is that they are paid just for turning up.
There is no evidence that these payments are rewards for helping the UK economy out of the recession mainly caused by investment bankers in the first place.
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Hide AdRumours abound from disaffected bank staff that teams are rewarded for bringing in business regardless of whether it proves to be profitable or not and other teams are rewarded for sorting out the mess that bad investments generate.
Mike Underwood
Friars Brae
Linlithgow