In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. There are currently no caps on banker's pay in Canada. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers' pay will push up non-bonus pay and cause bank's costs to rise.
@9GPTJ2D6mos6MO
No, individuals who do not wish to contribute to private banking profits may choose to manage their finances through a co-operative institution of their choice.
No, but allow unlimited regional banks to form and get rid of CDIC and CMHC. Bank depositors must realize that banks borrow their deposits and often make risky investments. Get rid of all methods of protecting these "sacred cows." Their protection is one of the reasons that Canada is plagued with supply side management marketing boards and why MILLIONS of gallons of milk are dumped every year.
dont let them make money
@9FCZK2L7mos7MO
Yes, and nationalise the banks with the goal of abolishing banks
@9F7C49QBloc Québécois8mos8MO
Yes, but we should also nationalize the banks and the financial system.
@9F2XS9M8mos8MO
I believe bankers should not be given such hefty bonuses because banks as a whole would still function well without a doubt even with a "higher effort" employee. Large bonuses such as this should be given to physical labor workers, healthcare workers, teachers so on and so forth. The people who deserve bonuses in the work force do not receive them which is extre3nely corrupt in my opinion.
@9DQSF448mos8MO
Yes, and taxed. There should also because provincially owned banks
@9CSJ4929mos9MO
More equitable remuneration for all employees not just the CEO
@9BXYGT312mos12MO
Bankers shouldn’t get bonuses
@9B9XJR71yr1Y
Bankers should not have bonuses. They make enough money as it is.
No, the cap should be significantly lower.
@993V7YD1yr1Y
i do not care about a bankers pay
@992BKQT1yr1Y
Banker's and other highly paid publicly paid executive's, shouldn't receive "bonuses" and certainly not 100% of their pay
@98Z2KYX1yr1Y
No, but bankers should also provide their banks equity for any financial problems that they face
@98PQTLX1yr1Y
No and any worker should be rewarded based on their success
@97WPXL81yr1Y
@97WDKK81yr1Y
Yes, and nationalize the banks with the goal of abolishing banks
@8YWNWC32yrs2Y
Profits should be reviewed based on economy and what they provide to people. No gouging. If they gouge, remove banks ability to be in business.
@8W6KC6MNew Democratic3yrs3Y
Yes, and total executive compensation (including bonuses) should be capped at 10x the wage of the lowest earning employee
@8VVPX8LNew Democratic3yrs3Y
Why bonuses in the first place. Pay fair rates and publish what you pay. Better balance needed between employees and senior executive pay
@8VN22QD3yrs3Y
they shouldn’t get a bonus at all, they target financially struggling/ people who are undereducated about their options for investing or saving and offer unrealistic “opportunities” with high rates of interest and outrageous penalties disclosed in tricky wording/ or cloaked within the “fine print” not disclosed verbally before signing your life away. you really think these people deserve to be rewarded
@Jjulip3yrs3Y
Top business officials should have a cap on compensation relative to the lowest paid person in their organization
@8VKD4HP3yrs3Y
Eliminate central banking
@8VJXKYR3yrs3Y
@8VJ8ZRD3yrs3Y
No there should be no bonuses.
@8VH22SV3yrs3Y
Banks should be non-profit.
@8VBQZYD3yrs3Y
Lower the cap by 50 %, but create public banks as an alternative to private banking.
@8VB2DHN3yrs3Y
No cap if the banks where truly independent. However, as long as the government is willing to bail them out, then yes. 20 % of pay
@8V99PQM3yrs3Y
No, any worker should be rewarded based on their success. Also, banks should be worker-owned.
@8TX5DJL3yrs3Y
Yes, lower the cap to 20%, and give bonuses only for positive performance. The guy who wrecked Nortel walked away with millions in bonuses for driving the company into the ground. Meanwhile retired workers got their pensions slashed. This is grossly unethical. Neither banks nor corporations should be allowed to reward ineptitude and bad management.
@8TX333D3yrs3Y
No bonuses should be allowed at all
@8TW2L7B3yrs3Y
No, unless subsidised by government, then zero bonuses.
Bankers shouldn’t get bonuses for finding ways to charge average people to access their own money.
@8TV36DY3yrs3Y
i actually do not care about this
@9FFPBL87mos7MO
Executive Compensation should be capped for all
@9BSYMVY12mos12MO
Yes, and nationalize the banks with the goal of phasing banks out.
@8ZSJL5B2yrs2Y
Yes, and nationalize the banks with the goal of abolishing banks.
@8Z7DWC92yrs2Y
Yes, and nationalise the banks with the goal of breaking up the banks
@8Y34B8Q2yrs2Y
Regardless, cryptocurrency will make bankers obsolete.
@8V6RYXG3yrs3Y
Yes, but cap them at 25%
@8V6K63MNew Democratic3yrs3Y
no one should receive bonuses unless all bonus money is equally distributed equally no matter what position a worker has.
@8TYJGN53yrs3Y
It should be capped at 15% and never come from government funding.
@8TXVXML3yrs3Y
No, but no one should bail them out or offer corporate welfare to make it easy to help pay them more.
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