Thursday, April 30, 2009

Does this work both ways?

For discussional purposes, all well and good:

Banks should be allowed to claw back staff bonuses when performance claims prove to be bogus, the European Commission said on Wednesday, pledging legislation on pay oversight.

Bankers' bonuses should not encourage risky behaviour and severance packages must not reward failure, the executive Commission said in non-binding guidelines for European Union states.
One question, will these same standards apply to elected/appointed politicians as well?

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