Wednesday, December 15, 2010

United Kingdom limited pay so embarrassing

United Kingdom banks suffered fatal blow for less than a year, "healed forget pain" Bank began wondering how to spend lots of money to "persuade" executives and traders to risky behavior. What's more, "scars" far from being recovered. In the face of "high culture" signs of renewed, is furious, the United Kingdom Government claimed that the legislative restriction.

Recently, the United Kingdom the Exchequer Darling but a thong temper, because many banks didn't listen to well-meaning "Government" for the issuance of interim executives are huge dividends. And because these banks over the past year the share price fell, suffer significantly shrunk assets of the shareholders are still struggling in the abyss.

The other day, Barclays Bank to it like 5 "Star" of commodities futures traders out of cash and stock value up to 30 million pounds of "excellent condition". For all working to expand the investment banking business of Barclays Bank, attract talent that's right, wrong, wrong in the condition it is in some way. However, in a competitive market environment, Barclays Bank seems to be no other way.

Perhaps, most banks won't admit that salary is causing financial crisis and blow them. Therefore, Barclays Bank would rather pay a heavy price to pay to receive from the Government, but rather help relief to those Middle East investors, HSBC is through the issuance of new shares to help yourself through. These banks not to "obey" Government requirements limit the will "pay".

Mr Darling said: "if it is necessary to allow us to change the law, we will do so. "The implication, if banks continue to be the Government 's" reason aside their brain up ", the Government will pass legislation on bank executive pay restrictions.

Suffering from financial and economic crisis of United Kingdom Government to the legislative limit on pay, it may cover the entire banking system, all bank executives "better days" would be affected, but from the unemployed, like "shoestring" worse "million miles". In fact, the United Kingdom Government to the legislative limit on pay, it also had to thinking about another question: If the United Kingdom excellent financial talents because only pay a huge loss, what should I do?

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