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Legal News

: International and UK Law

Why financiers who made their firms money do deserve bonuses

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?You don?t need a review to answer the simple question: should senior bankers receive bonuses? The answer is no.? (Nick Clegg). ?Any contractual or legal obligations on banks to pay bonuses at a time when they were making huge losses must be challenged.? (Yvette Cooper). ?For senior management, cash bonuses at a time like this for people involved in the higher echelons of a bank is simply unacceptable.? (George Osborne).

Full post as published by International and UK Law on February 11, 2009 (boomark / email).

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