...yet their CEO is entitled to a £2.3 million bonus on top of his salary. The bank's boss had been entitled to a maximum 225% of his £1.04 million salary due to his "significant individual contribution", but waived a bonus for the second year in a row to stave off another row over bank pay.One wonders what "significant individual contribution" was required to write down £24 billion in bad debts (more of our money vanishes down the rabbit hole of the Alice like Wonderland that is Bankerworld), and then posting more than £6.3 billion in pre-tax losses? If failure like that is rewarded so generously imagine what success might bring.
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