Thursday, 5 February 2009

No reward for failure , BUT they won't listen to me !! will they ?

      Brown warns banks on bosses pay

Gordon Brown: 'A new approach... is required'

The Prime Minister has insisted there should be "no reward for failure" at banks which have had to be bailed out by the taxpayer.

Gordon Brown was speaking after reports Royal Bank of Scotland is considering awarding large bonuses, despite expectations of huge annual losses.

However Mr Brown stopped short of saying the government would impose a salary cap on rescued banks. 

http://news.bbc.co.uk/1/hi/business/7871828.stm


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