RBS is handing out half a billion dollars in bonuses this year, on top of all its employees’ regular salaries.
This despite the fact that they failed to achieve the lending targets that were agreed to, and so aren’t actually providing as much of a public good as it’s been decided they ought to, even now the company is publicly owned.
But, you know. We’ve got to make sure these execs have a financial motivation to stay here, and are rewarded by a competitive market with no external regulation. Otherwise, well. They might not want to stay here and run our banks any more.