Study: 75% against bailed-out banks' bonuses

22 February 2012

Study: 75% against bailed-out banks' bonuses

 

Some 75 per cent of the British population believe senior executives at banks bailed out during the global economic downturn should not receive bonuses. 

New research conducted by YouGov on behalf of Sky News has revealed that a large proportion of people in the UK are against the idea of such professionals being awarded additional remuneration on top of their wages. 

Furthermore, 58 per cent of the individuals asked said they feel that Britain's reputation in the international business sector is being negatively affected by the actions of those in the country's banking arena. 

Recently, Sir Philip Hampton and Stephen Hester - chairman and chief executive of the state-owned Royal Bank of Scotland - turned down their bonuses for 2011 due to the strength of public opinion against these awards. 

And Sir Philip told Sky News that bonuses can no longer stay at their previous levels, as part of the reason they were so high in the first place was because of unsustainable profits. 

By Claire Archer 

 

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