Comments on: Bank bonus tax needs follow up measures to change bonus culture http://touchstoneblog.org.uk/2009/12/bank-bonus-tax-needs-follow-up-measures-to-change-bonus-culture/ Policy news and comment from the Trades Union Congress (TUC) Sat, 11 Feb 2012 20:54:53 +0000 hourly 1 By: Peter L. Griffiths http://touchstoneblog.org.uk/2009/12/bank-bonus-tax-needs-follow-up-measures-to-change-bonus-culture/comment-page-1/#comment-5305 Peter L. Griffiths Sun, 17 Jan 2010 19:52:11 +0000 http://www.touchstoneblog.org.uk/?p=5075#comment-5305 Banks in the USA and UK are no longer governed by their boards of directors, they are governed by their senior staff who can help themselves to the money deposited. The depositors do have the assurance that the Government will bailout the bank if there is a shortage of cash. The remedy for this is increased Government supervision similar to the girobank conceived by Harold Wilson but scrapped by Mrs Thatcher. Banks in the USA and UK are no longer governed by their boards of directors, they are governed by their senior staff who can help themselves to the money deposited. The depositors do have the assurance that the Government will bailout the bank if there is a shortage of cash. The remedy for this is increased Government supervision similar to the girobank conceived by Harold Wilson but scrapped by Mrs Thatcher.

]]> By: Tweets that mention Bank bonus tax needs follow up measures to change bonus culture | ToUChstone blog: A public policy blog from the TUC -- Topsy.com http://touchstoneblog.org.uk/2009/12/bank-bonus-tax-needs-follow-up-measures-to-change-bonus-culture/comment-page-1/#comment-4649 Tweets that mention Bank bonus tax needs follow up measures to change bonus culture | ToUChstone blog: A public policy blog from the TUC -- Topsy.com Wed, 09 Dec 2009 16:34:31 +0000 http://www.touchstoneblog.org.uk/?p=5075#comment-4649 [...] This post was mentioned on Twitter by ToUChstone blog, One Society campaign. One Society campaign said: RT @touchstoneblog: Bank bonus tax needs follow up measures to change bonus culture http://bit.ly/8hBIWQ [...] [...] This post was mentioned on Twitter by ToUChstone blog, One Society campaign. One Society campaign said: RT @touchstoneblog: Bank bonus tax needs follow up measures to change bonus culture http://bit.ly/8hBIWQ [...]

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