Questioning the compensation carrot


Not since the late-fourteenth century has so much public vitriol been directed at the power brokers of the City of London. Today, however, rather than anger over the inequities of feudalism, the populace is enraged about bankers and bonuses.

Reports emerged in early December that the directors of the Royal Bank of Scotland (RBS) were threatening to resign en masse if the UK government blocked plans to award £1.5 billion in bonuses to investment banking staff – reigniting public anger on the issu