"An unprecedented crackdown on pay and bonuses for bankers was agreed by world leaders.
As disclosed in yesterday's Daily Telegraph, a new international set of rules will prohibit banks from paying traders and executives multi-million pound cash bonuses if they are making risky decisions. Regulators will assess how much risk traders are taking and those deemed to be making more risky decisions will only be paid in shares which cannot be sold for several years. "
In plain English - banker pay will now be determined by international regulators. Not the bank, not the shareholders, not even the US gov't, but by all 19 countries in the G20. And there is nothing (except our president) stopping us from applying international "guidance" to every other field in the country.
Answer by Anonymous at 2:09 PM on Apr. 2, 2009
Answer by Kbmancine at 2:01 PM on Apr. 2, 2009
Answer by Anonymous at 2:02 PM on Apr. 2, 2009
Answer by mustbeGRACE at 2:05 PM on Apr. 2, 2009
Answer by NotPanicking at 2:11 PM on Apr. 2, 2009
Answer by lovinangels at 2:22 PM on Apr. 2, 2009
Answer by mamakirs at 2:33 PM on Apr. 2, 2009
Answer by QuinnMae at 2:52 PM on Apr. 2, 2009
Now remember, only one square per trip to the bathroom"
Wipe first, then bend over, cause the gov't isn't done with you yet!
Answer by grlygrlz2 at 2:54 PM on Apr. 2, 2009
Answer by Fiveofakind2 at 3:03 PM on Apr. 2, 2009