Friday, October 30, 2009

Bankers' Pay

From the Financial Times,



Bankers fear transatlantic pay split
US financial groups with operations in London are increasingly concerned that British regulators’ tough stance on pay could create a two-tier system in which UK bankers’ bonuses are smaller and spread over a longer period than those of American colleagues.

I welcome this. The US needed some external pressure on this matter. I shan't say more. Guys like George Soros has been more than cogent why these financial types shouldn't be paid like before.

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