CITY VIEWS: DO YOU THINK THE PROPOSED CLAMP DOWN ON BONUSES IS IN DANGER OF GOING TOO FAR?
NIRANJAN GIVANE OCBC BANK
“I think that it’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’t rewarded in the same way.”
DES MORAN ROYAL BANK OF SCOTLAND
“No. I think bonuses did get out of hand and it’s the right move. Bonuses should be deferred over three years and claw back proposals are acceptable. I hope that this works – it gives the chance for City remuneration to move back to an acceptable level.”
MANI VENKATESH CITY BUSINESS CONSULTANT
“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 – and their work feeds the whole economy. If they are making millions for the firm and London, then they should be get bonuses”