British banks should brace themselves for claims from "disgruntled" bankers who will not roll over and accept lower bonuses than usual despite the huge public and shareholder backlash against out-of-control pay, legal experts have warned.
One claim for £1.5m is understood to have already made its way into the system last year, after a banker believed their 2011 bonus was too low.
The case is believed to have been rejected before it got to court, with lawyers acting for the bank branding the claim "whimsical".
Judges are also said to be unsympathetic towards bankers' claims that their bonuses are too small in the current climate.
However, City lawyers said an increasing number of bankers were building cases in preparation of lower bonus payouts and were prepared to fight it out at court. Read on and comment » | Louisa Peacock, Jobs Editor | Monday, January 02, 2012
My comment:
I see no difference between the top-feeders and the bottom-feeders. They are all a scourge to a decent society. Let the bastards sue! Incarcerate all those that can be incarcerated. They got us into this mess; they should pay the price. – © Mark
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