Should City Workers Voluntarily Return their Bonuses to the State?

Siasl - you are correct. Large bonuses are vanishing. Banks are simply chosing to pay their front office staff $300, 400, 500, 600, 700k and then hand out smaller bonuses.

Newwave - He doesn't need a bonus to do his job properly, it is an incentive to make him work extra hard and generate additional business. He endures crazy hours (first meeting every day at 7am), mad levels of stress, speaks to v demanding clients. At work, he sits in front of four computer screens. Out most evenings with clients. Works sometimes at weekends. His bonus relates to the preceding financial year so if he makes nothing next year then no he won't have to give it back, instead his bonus for that period will reflect his performance.

His bank didn't receive TARP monies nor does he work in an area that is remotely "casino"-esque.

Double standards and hypocrisy seem at large here.

Because it is morally right.

Why do all staff need the same % pay rises?
Most of them just press buttons and process transactions and are replaceable. They are cost centres, not profit centres.

Paying a graduate in the back office £45k/year starting salary and someone with a few years experience £75k (plus 10% bonus) seems reasonable.

They are not generating £ millions in revenue.

Will that make you happier?

If all staff have the same % rises then just maybe

Why should he give his bonus back next year if he makes nothing?

He won't be able to lose money next year since he isn't taking risk ... hence the word "commissions". If he makes nothing then x% multiplied by zero = zero. Seems fair.

Most people at banks in the front-office are paid on a total compensation basis. The salary is simply deducted from the total comp number to leave the "bonus". Banks could just as easily pay people a bigger salary for the following year (effectively amortizing the bonus over 12 months). In fact given new rules this seems to be direction. Salaries doubled last year and are likely to go up again this year. At this rate bonuses will vanish and you'll be left with people with seven figure salaries.

Will that make you happier?

Pelvic, most people work for their basic salary/wage why does he need a bonus to do his job properley. If he dosent make money the next year does he have to give the bonus back.

That said and as I am an honest person I have a job with a relatively large basic salalry and commission on top.

Rabbitstew - a question. This year my dh will make £10,000,000 for his bank in commissions. How much do think he ought to be paid? I'll give you a clue, he gets a percentage.

I think Rabbitstew that you should crawl back to Ed M and tell him it's not working that MN is too anarchic.

do what pagwatch says, she is a kind & sensible person

Rabbit

Goodness, the time when you are trying to find out if and what your dcs issues may be is one of the hardest.
Go post on sn. They are a lovely bunch and many of us have been there and know how raw and confusing it is.

I really do wish you well.

Good. And just be honest about being stressed and having a hard time - all this obscurity hasn't helped you. There's lots of fun threads to join in, lots of politics stuff if you are interested, but you definitely to have the correct motivation for the subject matter or you will utterly confuse yourself.

I would ask for the entire thread to be deleted.

There are many kind folk on here who have dealt with your nonsense on here with a great deal of patience.

I suggested last night that you pack it in.

A few hours later you start making stupid & unpleasant comments which need to be deleted.

If your current condition means you don't take hints I will plainly say: "Go back to reality, your behaviour is not acceptable."

If you have issues which need addressing I am sure (if you have lurked for so long) you
can easily find an appropriate place and manner of addressing them on MN.

Rabbit
Just report your own post via the button next to it.

I remember going through diagnosis. It is a very difficult time. I hope you get sone good support and a good outcome.
Autistic is not an insult and should your ds have asd he will have a range of abilities and challenges which can be hard but are never dull.

I think looking for tendencies in ourselves is part of the process. We all do it a bit. And tbh maybe examining why you are trying to figure yourself out and whether it is helpful or perhaps just a distraction, may be a good idea?

There is a great deal of support and help in the sn section. Sn does not appear in active conversations - you have to click on it to find posts.
I hope you find it helpful.

Are the proposed cuts not bringing Government spending back in line with the amount we raise in tax though. The previous Government increased public spending but they didn't really increases taxes to pay for it, instead choosing to borrow. We can borrow no more so we must now either increases taxes or reduce spending

Oh dear
Rabbit
As the mother of a boy with severe autism I tend to the view that those who use autistic as an insult are incredibly stupid and yet think they are clever.

The irony of course is that one of his symptoms, the pen which frustrates me the most is his determination to continue with his chosen line of conversation with a total inability to grasp that he is boring the fuck out of people.

You are not the messenger being shot, what a strange delusion of grander. People are not disagreeing with you because you have bravely articulated a truth we are to scared to contemplate. People are disagreeingvwith you because you are bossy, opinionated, suck up furiously to anyone who agrees with you and dismiss as not grasping your point anyone who disagrees.

Stop your faux apologies as well. If you want to apologize then get that shitty autistic swipe deleted

I don't work in the city but why does wanting to work in in make you a greedy twat. The fact of the matter is a lot of the best paid jobs in the whole country are in the city so why would you not aspire to get them.

Rabbitstew, I have also reported your highly offensive 3.50 post. If this thread is something that, as you say, you are using as a sort of self-examination exercise, I suggest that you stop posting for a while and have a good think about yourself in private without having to post that sort of nastiness. And this is the first time I have ever felt it necessary to report a post.