Posted by Hari on Friday, March 07, 2014 with No comments | Labels: banks, Big Society, inequality, jobs, pay
...as Chris discovers from a top bank exec...
Bailed-out Lloyds Banking Group and Barclays have handed their bosses almost £1m in shares to sidestep the new rules from Brussels which are intended to clampdown on bankers' pay. Similar handouts, which have become known in the City as "allowances", will be given to about 1,000 staff at Barclays and some 75 bankers at Lloyds. Barclays is facing outcry about its increased bonus payouts, which are being awarded despite a sharp fall in profits in 2013. At Barclays, however, more than half of the bank's total workforce of 140,000 earned less than £25,000.
OUR RELATED STORIES:
0 comments:
Post a Comment
Note: only a member of this blog may post a comment.