@ISIDEWITHQuestionseconomy10yrs ago

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

In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. In Germany 4 of the 15 major banks have instituted caps. Several banks avoided the cap by classifying manager as non-risk takers. Of the 87 bank managers in Germany that earned bonuses of more than 1 million euros ($1.37 million) in 2012, only 40 had been identified as being risk-takers. 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 bankers' pay will push up non-bonus pay and cause bank's costs to rise.

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Response rates from 6.7k Germany voters.

69%
Yes
31%
No
56%
Yes
23%
No
6%
Yes, and lower the cap to 20%
8%
No, any worker should be rewarded based on their success
4%
Yes, and lower the cap to 50%
3%
Yes, and nationalise the banks

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 @ISIDEWITH submitted…3mos3MO

AOC Sparks Backlash After Ditching Gender Pronouns

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 @ISIDEWITH submitted…2 days2D

Trump Targets FAA Diversity Programs In Crash Aftermath

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