Should bankers’ bonuses be capped at 100% of their pay?
n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.
@97KWFFB1yr1Y
They shouldnt be getting bonuses. Nationalize the banks as a stop gap on the way to the abolition of currency.
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