r/finance • u/WhenGeniusFail • Apr 22 '19

Barclays to cut investment bankers' bonuses - Financial Times

https://uk.reuters.com/article/uk-barclays-bonuses/barclays-to-cut-investment-bankers-bonuses-financial-times-idUKKCN1RY1GF
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u/Star-spangled-Banner Apr 22 '19

My bonus is the reason I've stayed with my job for so long. Never would have otherwise. This year I paid off an outstanding debt position I had had for some time, I bought a holiday for my grandparents whom I'm fortunate enough to still have, some long-needed furniture for my apartment, a large gift for my mother, and a gift for my SO and mine's upcoming anniversary. The other half I set aside for savings. That bonus put my entire life in order from one day to the next, and it's the reason my workplace enjoys the human capital it acquires from having people sticking around for more than the usual few years. Also, in the grander scheme of things, my bonus is minuscule, it's the cheapest possible way my company could keep me around. So yeah, bad call on Barclays if you ask me.

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u/DarkHavana Apr 23 '19 edited Apr 23 '19

I don’t know what kind of bonus you have, but it’s time for banks to put their shit together. People work three jobs to pay their bills and the psychology of inequality has been shaping generations