CITY VIEWS: WOULD GOLDMAN SACHS BE RIGHT TO RETURN TO BIG BONUSES?
GARY FIELD CORNHILL FX
“It certainly goes against the Obama administration’s recent sentiments. But as a business that is trying to make money and move forward, they need to keep hold of their best staff if they want to continue with the same degree of success.”
GRAEME STEPHEN HEDGE FUND
“If they’ve paid their bailout money back then it’s their business and good on them – that’s what capitalism is all about. Too many people are worried about the politics of envy. Everyone wants some and hates when others get it.”
GUY MUNTON BARINGA PARTNERS
“If you ask people round here, in the City, they won’t think it’s such a bad thing. But it does seem to go against what people read in the press coming from the government. With all of the changes to regulation, it seems like a bit of a contradiction in terms.”
PAUL SMITH SYNERGY ADJUSTING
“It’s entirely up to them. If their staff have earned their money, why not give it to them. It’s the same in any industry, you need to look after staff or they will move on to a competitor. They may have taken state aid but so what? They are doing well now.”