@ISIDEWITHQuestionseconomy9yrs ago

Should bankers’ bonuses be capped at 100% of their pay?

No Yes Yes, and lower the cap to 20%Yes, and lower the cap to 50%Yes, and nationalise the banks No, any worker should be rewarded based on their success

n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.

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@9B5PH8Yfrom New York answered…1yr1Y

No, but bankers should be required to provide equity for any financial problems faced by their banks

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@8TDSW7Fanswered…3yrs3Y

No, their bonuses should be counted as a wage and taxed accordingly.

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