Dutch bankers' bonuses axed by people power

[tonestapler 10]

An online campaign has overturned ING's executive pay policy, and the mood in Amsterdam is getting increasingly militant about bonuses at bailed-out banks. Your thoughts on why this is happening there rather than here.

 

http://www.guardian.co.uk/business/2011/mar/27/dutch-bankers-bonuses-axed-by-people-power

 

Some interesting reading on whether bonuses actually work or are needed here:

 

http://www.telegraph.co.uk/finance/businessclub/8407627/Think-tank-Overpaying-staff-can-reap-rewards-for-businesses.html

[staffsNlaffs 10]

One reason is that the Dutch in general are more up to date with their countries politics and anyone that's spent some time there will have seen that they are avid readers of NEWSpapers not comics.

[anywebsite 10]

Hopefully they'll move to London then.

[L00b 441]

Some interesting reading on whether bonuses actually work or are needed here:

 

http://www.telegraph.co.uk/finance/businessclub/8407627/Think-tank-Overpaying-staff-can-reap-rewards-for-businesses.html

Interesting article, thanks for the link

 

However, in the context of bank bonuses (those that make the headlines, i.e. which routinely amount to a banker's annual salary or more), maybe a bit irrelevant?

[tonestapler 10]

Interesting article, thanks for the link

 

However, in the context of bank bonuses (those that make the headlines, i.e. which routinely amount to a banker's annual salary or more), maybe a bit irrelevant?

 

The article was in The Business Telegraph, read by a wide range of business people, and aims to present an example of how paying decent basic pay produces better results than introducing a bonus culture. Teachers just happened to be the group of workers studied. Senior bankers are already more than handsomely remunerated. Although, calling them good business people might be stretching it given their recent record at running their industry efficiently.

[tonestapler 10]

UK is going Dutch?

 

http://www.facebook.com/?ref=logo#!/UKBANKRUN