SealLion
27.03.09, 05:11
check this out.
Now this is smart thinking.
The French government is to issue a decree banning bonuses and share options for executives of banks that have received government aid.
Presidential official Claude Gueant said the decree would be adopted next week as employers refused to draw up their own code of conduct.
The rich serve their own purposes.
That's fine that they do, though not to an excess, yes?
Here's a bit more:
"A decree will be issued next week to set conditions under which the distribution of stock options or other advantages like bonuses is forbidden for companies that have benefitted from state aid," said Mr Gueant.
doesn't that border misuse of state funds??....er,...that is misuse of state funds, isn't it??
Another small snippet here before I let you have a teeth grinding fest at the link given below,
Some of these banks have subsequently paid out big bonuses to top executives, arguing that they could not renege on legally binding agreements.
WHAT THE FRAK??!!
If they're talking about agreements on salaries, those would have been made known in that corporation's own payroll budget at a much earlier date.
the rest is at the BBC News link here.
BBC NEWS | Business | France set for bank bonuses ban (http://news.bbc.co.uk/2/hi/business/7965566.stm)
0
Now this is smart thinking.
The French government is to issue a decree banning bonuses and share options for executives of banks that have received government aid.
Presidential official Claude Gueant said the decree would be adopted next week as employers refused to draw up their own code of conduct.
The rich serve their own purposes.
That's fine that they do, though not to an excess, yes?
Here's a bit more:
"A decree will be issued next week to set conditions under which the distribution of stock options or other advantages like bonuses is forbidden for companies that have benefitted from state aid," said Mr Gueant.
doesn't that border misuse of state funds??....er,...that is misuse of state funds, isn't it??
Another small snippet here before I let you have a teeth grinding fest at the link given below,
Some of these banks have subsequently paid out big bonuses to top executives, arguing that they could not renege on legally binding agreements.
WHAT THE FRAK??!!
If they're talking about agreements on salaries, those would have been made known in that corporation's own payroll budget at a much earlier date.
the rest is at the BBC News link here.
BBC NEWS | Business | France set for bank bonuses ban (http://news.bbc.co.uk/2/hi/business/7965566.stm)
0