Dutch bankers' bonuses axed by people power

[kpete]

Source: Guardian UK

Dutch bankers' bonuses axed by people power

An online campaign has overturned ING's executive pay policy, and the mood in Amsterdam is getting increasingly militant about bonuses at bailed-out banks

..........
A growing Dutch political storm could end with a blanket ban on bonuses to financiers who work for institutions bailed out by the taxpayer.

ING customers mobilised on Twitter and other social networks to protest at bonuses paid to bosses at the bank, one of the biggest in the country. The threat of direct action raised the spectre of a partial run on ING, terrifying the Dutch establishment. Fred Polhout, union organiser at the bank, says: "People were outraged. We heard about the bloated sums being paid again in the City and in New York; but suddenly the issue exploded on our own front door."

Compared with the packages awarded to bankers in the US and UK, the Dutch bonuses were small potatoes. Jan Hommen, ING's chief executive, was due to receive a £1m bonus – a pittance when you consider that Stephen Hester, head of state-controlled RBS in the UK, is in line for up to £7.7m, Bob Diamond of Barclays is to collect as much as £6.5m, and some senior bankers at Goldman Sachs and JP Morgan are looking at windfalls of about £40m each.




Read more: http://www.guardian.co.uk/business/2011/mar/27/dutch-bankers-bonuses-axed-by-people-power

[Snoutport]

1. Americans need to do the same thing here!

start tweeting!

[calimary]

6. Yes We DO!!!

Share the link on Facebook if you have a Facebook page! Share it everywhere!!!

[xchrom]

2. Good! Nt

[Oceansaway]

3. K&R...n/t

[drm604]

4. K&R for citizen action

:kick:

[valerief]

5. They must live in a democracy, unlike the U.S. nt

[raccoon]

7. k&R nt

[sarcasmo]

8. Kick for people power.

[Kingofalldems]

9. K and R for action

[Name removed]

10. Deleted message

Message removed by moderator. Click here to review the message board rules.

[No Elephants]

11. If a picture is worth 1,000 words, action must be worth at least 1,00,000 words.

[defendandprotect]

12. kick