HOOD ROBIN
It has now been revealed that many bank executives who have been thwarted in their demands for their bonuses, are now demanding huge wage increases instead. The Royal Bank of Scotland has already increased salaries by no less than 10%!
Shaun Springer, a leading Ciy head-hunter has predicted that basic wages could double over the next few years as bonuses are withdrawn. Someone who had been earning £150,000 with a bonus of ten times that amount might instead have a basic salary of £300,000 and a bonus of two or three times that amount.
Inflation is virtually zero at the moment, and those in the real economy who have lost their jobs because of the bankers will not be receiving any salary at all - never mind an increase.
Shaun Springer, a leading Ciy head-hunter has predicted that basic wages could double over the next few years as bonuses are withdrawn. Someone who had been earning £150,000 with a bonus of ten times that amount might instead have a basic salary of £300,000 and a bonus of two or three times that amount.
Inflation is virtually zero at the moment, and those in the real economy who have lost their jobs because of the bankers will not be receiving any salary at all - never mind an increase.
posted by erc @ 12:15 am
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