A Suggestion to Banks

[drplokta]

Take all of your employees' base salaries, and add on the maximum bonus currently achievable. Make these the new quoted base salaries, with graduated penalties imposed on everyone but the absolute star performers. Start saying things like, "We paid no bonuses this year, but we clawed back £5 billion in penalties for failure to meet performance targets." Problem solved.

Comments

[billyabbott.livejournal.com]

At least roll the "guaranteed bonus" into the salary and make the rest of it truly performance based. Clawing back cash after the fact is dangerous in a place where the people are highly paid, litigious and have no company loyalty :)