There is good reason why the public resent bankers and their bonuses. During
the financial crisis many banks had to be bailed out using tax-payers money.
However, despite this, many bankers have still been on the receiving end of
whopping bonuses. When the banks performed well; their employees were paid
well. However when the banks performed poorly; their employees were still paid
well. Bonuses and compensation did not vary significantly as profits shrank. In
the eyes of the public, their money is being used to bail out the banks but the
bankers are still getting the enjoyment of these huge payouts. Also many banks have been associated with scandals such as the Libor rigging scandals yet the culprits are still being rewarded.
We don't get rewarded for failure, so why should the banks?
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