Sunday, April 26, 2009

No bonus? No problems! Bankers get hefty pay rise...

City bankers and financiers are scooping bumper pay rises to compensate for losing multimillion pound bonuses in a controversial development that will trigger fresh "reward for failure" rows.

The Observer has learnt that UBS, the stricken bank that last year received a £40bn Swiss government bailout, is paying London staff increases of between 15% and 20% at a time when many workers in Britain are forced to take wage freezes. More...

See also:

  1. The world is angry, yes, but what are we going to to about it?
  2. AIG bonuses "staggering in size", 7 execs received $7m each...
  3. US bankers grant themselves $20bn in bonuses...
  4. Where'd the bailout money go? Shhhh, it's a secret...

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