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Removing cap on bankers’ bonuses will fuel ‘greed is good’ culture, says TUC

October 31, 2023
in Business
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Removing cap on bankers’ bonuses will fuel ‘greed is good’ culture, says TUC
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Anne Sammon, a partner at law firm Pinsent Masons, said she thought “superstar” traders would see higher bonuses fairly quickly. But rules requiring a portion of the bonus to be deferred, and making it easier to claw back payments in the event of wrongdoing, meant there may not be quite the same big payday feel to bonus seasons in future, she said.

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