Regarding banks, company top men etc., I always thought that in order to be paid a bonus, an individual had to perform better than expected against pre-set targets and goals. OK, maybe these pre-set targets and goals are set artificially low so that the said individual always more than achieves, and thus always gets a bonus!
What do you think?
It's good to see the UK PM David Cameron starting the ball rolling here! Of course the company owners, ie the shareholders should have a say on executive pay!
ReplyDeleteMaybe bonuses could be taxed at a much higher rate - more than 75%?
ReplyDelete