In a survey conducted by jobs website eFinancialCareers.com, almost half of British bankers said that they would consider leaving their jobs if bonuses were to be capped. That figure rose to 76% for financiers with 6 to 10 years experience.
John Benson of eFinancialCarreers says:
“Were bonuses to be capped unilaterally in the UK, the country would run the risk of an exodus of top financial talent.”
Are these people not aware of what is happening around them? I am constantly amazed by the ignorance shown in the financial field, it is all a game to them- at least the ones that are still employed. It is wrong to generalise but from recent events they are an ungracious bunch who cannot accept responsibility for their part in the current financial crisis.
That they have been able to get away with it for so long also puts a question mark over the FSA.
If top financial talent includes the likes of Goodwin at RBS and Crosby from HBOS who have bought the banks to their knees, then let us risk the ‘exodus’.
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