Accessibility Links

Letters: Stephen Hester's bonus

30/01/12

The current wave of hostility toward the payment of bonuses – most recently expressed in Ed Milliband’s call for RBS chief Stephen Hester to be denied his bonus – is a worrying sign for the UK economy.

Our latest research into accountancy and finance professionals’ expectations for the economy shows 53% believe 2012 will see no deterioration in the UK’s economic position. This remarkably positive collective view is a direct result of a strong performance across the industry in 2011. Unless we get more of the same in 2012, we can forget any prospect of a sustained recovery in the UK.

Seeking to deny people doing a good and important job the rewards for their accomplishments, whether they work for a public-owned company or not, is the most efficient way to drive talent to markets where enjoying the rewards of success is not considered taboo.

Dave Way, Marks Sattin

External coverage

Related Articles
Latest Jobs