More Shareholders Against Bankers Bonus!

Great!!

On UK Telegraph: Shareholders attack banks in bonus row

• Institutions want regulators to calculate the value of the state aid provided to Britain's lenders to ensure bonuses are only paid out of profits the bank has generated independently. Their demands echo angry comments made over the weekend by George Soros, the hedge fund manager, who described the industry's recent success as a "hidden gift" from the taxpayer that should not be used in payouts.
  
  Colin Melvin, chief executive of Hermes Equity Ownership Services, which represents about £50bn of assets, said: "From an incentivisation point of view, you want to establish the principle that bank performance based on guarantees or government support would not be part of a bonus calculation...

Now on CNBC website: Banks Taking Same Risks That Led to Crisis: ECB's Noyer

• European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.
  
  His comments came as regulators around the world mull reforms to lower the risks that large banks can pose to the financial system and rein in the type of recklessness that fueled the credit crisis.
  
  Noyer said impressive bank profits in recent weeks were a result of public policies to combat the crisis, and did not mean the industry had recovered its balance or that further reforms were not necessary.
  
  "Nothing could be further from the truth. Indeed, one major risk in the period to come is the emergence of a business as usual mentality," Noyer said in a speech at a financial conference in Singapore on Monday.
  
  "There are signs that parts of the financial industry have resumed risk taking practices reminiscent of those which led to the crisis," he said, pointing to bankers' pay packages that appeared out of line with performance.