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Politics

No bonuses for bankers at AIB - why doesn't our country have the balls to do this too???

56 replies

granted · 14/12/2010 21:25

www.ft.com/cms/s/0/e15826ea-06fe-11e0-8c29-00144feabdc0.html#axzz187gGhLWe

The Irish are refusing to pay bonuses to failed Allied Irish Bank. They said, not unreasonably, that the bank could, of course, pay any bonus it wished - but would then forego state aid.

Why the hell couldn't we do that here? Lloys etc - still taking home billions of pounds in bonuses, despite the fact they wouldn't exist at all if it wasn't for the fact that we all bailed them out.

And before anyone tries the old 'but we have to pay them huge bonuses, or all that talent will just flee overseas' bollocks, try this article for size:

www.dailymail.co.uk/money/article-1338328/Bankers-use-blackmail-payouts.html

OP posts:
edam · 16/12/2010 20:51

hear, hear, Beenbeta. Either they behave as businesses and accept the risk of going bust, or they have to accept that they are a nationlised industry and are controlled by the state - and I don't see any other public sector workers getting multi-million pound bonuses.

4mumwigan · 06/01/2011 20:34

And if they did all decamp to Switzerland what a loss that would be..those fine minds that squandered the family silver so effectively.

4mumwigan · 06/01/2011 20:34

And if they did all decamp to Switzerland what a loss that would be..those fine minds that squandered the family silver so effectively.

huddspur · 06/01/2011 21:24

If they all decamped to Switzerland we'd be in serious trouble. Banking and financial services is one of our biggest industries

WinkyWinkola · 08/01/2011 07:04

I really wonder if they would decamp? I mean, isn't Switzerland already far more appealing than London?

kerstina · 09/01/2011 21:03

Sorry i did not see this thread when i started the other one.

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