U.S. Bank Execs Should Fear British Invasion

[dkf]

By Eric Kleefeld - February 16, 2009, 9:35AM

Here's an interesting item to think about in the debate over executive-compensation limits. A British politician is now calling for bonuses at bailed-out banks to be limited to £2,000, the amount typically received by low-level bank tellers.

At current exchange rates this is equal to $2,854.30 -- less than 1% of the cap that Claire McCaskill has advocated over here, and for which she's been either praised or reviled as a populist lefty.

The British pol who is calling for this: David Cameron, leader of the Conservative Party.

http://tpmdc.talkingpointsmemo.com/2009/02/us-bank-execs-should-fear-british-invasion.php

[Royal Sloan 09]

1. that's a fair bonus.

Not enough for them, then show them the door and point them to the unemployment office. Lot's of people who are out of work that would gladily accept that bonus.