Blog Stop on the banker's bonus.

No one can escape the new controversial headlines within the media, of the bank bonuses being given out to bank staff and key executives even if their bank isn't doing too well.
As we know the current economic climate is in decline in many countries, including England as they are entering a recession.
This means that many banks are experiencing financial problems.
In order to help out these banks and encourage the stimulation of the economy the government decided to use tax payers money to help bail some of these banks out. These include the RBS and Lloyds TSB. However, instead of reimbursing that money back into their bank, it has come to the media's attention that “Fat Cat” bankers are still giving out huge bonuses to their staff and themselves even though, their bank isn't doing well.
On the BBC website they state that even though banks overall economic stability is depreciating bonuses are increasing from 5bn to 15bn in the last three years! Maybe this have contributed to banks financial burdens?!
This seems to show that our money is in the hands of bank managers would prefer to spend our money, the tax payer’s money to line their own pockets rather than help their countries economy. Wouldn't you say this is a display of bad behaviour? And do you have trust in managers to do the right thing?
Want more information on this subject?
Visit http://news.bbc.co.uk/1/hi/business/7878769.stm

Image taken from pro.corbis.com.