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CITY VIEWS: DO YOU THINK THE PROPOSED CLAMP DOWN ON BONUSES IS IN DANGER OF GOING TOO FAR?

<strong>NIRANJAN GIVANE </strong>OCBC BANK<br />&ldquo;I think that it&rsquo;s the right move for the current time. Bonuses should be awarded for long-term performance, and I think this latest action is going in the right direction for the City. The people who are below the very top tier aren&rsquo;t rewarded in the same way.&rdquo;<br /><strong><br />DES MORAN </strong>ROYAL BANK OF SCOTLAND<br /><br />&ldquo;No. I think bonuses did get out of hand and it&rsquo;s the right move. Bonuses should be deferred over three years and claw back proposals are acceptable. I hope that this works &ndash; it gives the chance for City remuneration to move back to an acceptable level.&rdquo;<br /><br /><strong>MANI VENKATESH </strong>CITY BUSINESS CONSULTANT<br />&ldquo;I think it is quite plainly the most stupid idea to curb bonuses. There are only a few people being paid a very high salary at the top &ndash; and their work feeds the whole economy. If they are making millions for the firm and London, then they should be get bonuses&rdquo;