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@ISIDEWITHQuestionsEconomyStarted 11yrs agoActive 1mo ago

Should bankers’ bonuses be capped at 100% of their pay?

In 2014, the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers’ pay will push up non-bonus pay and cause bank’s costs to rise.

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Answer Overview

Response rates from 27.7k Ireland voters.

79%
Yes
21%
No
60%
Yes
15%
No
10%
Yes, and lower the cap to 20%
7%
No, any worker should be rewarded based on their success
4%
Yes, and lower the cap to 50%
3%
Yes, and nationalise the banks

Historical Support

Trend of support over time for each answer from 27.7k Ireland voters.

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Trend of how important this issue is for 27.7k Ireland voters.

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Other Popular Answers

Unique answers from Ireland voters whose views went beyond the provided options.

 @BD4VLVY from Maine  answered…1mo1MO

Bonuses should be regulated and linked to long-term performance, with deferrals and clawback mechanisms. A cap can be part of this, but should not be the only measure.

 @BCWG8WF answered…1mo1MO

Yes, but ideally they should not have bonuses at all, as it rewards preferential treatment of applicants with a higher chance of acceptance

 @9ZK5WQCanswered…2yrs2Y

Bonuses should be capped within reason based on salary. Not fair to punish the low earners working in banking

 @9ZJ2ZTBanswered…2yrs2Y

Make them personally criminally liable for what goes on in their bank and link bonuses to the long term health of the economy after their exit.

 @9ZDW5P9answered…2yrs2Y

It depends if the bank can’t afford it and is getting help they shouldn’t be offering bonuses but it should be dependent on the success of there services

 @8TM75RNanswered…5yrs5Y

If partially or fully state owned - (or bailed out) - yes. Otherwise no

 @996S9CPanswered…3yrs3Y

If a bank needs to be bailed out it shouldn't be paying bonuses.

 @92NBW3Canswered…4yrs4Y

If the banks weren't bailed out there shouldn't be a limit. For bailed out banks then cap it until the bank is able to support itself

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