Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-225"
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"en.20100707.23.3-225"2
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"The restriction placed on bonus payments by the EU is a sensible move, but there are, unfortunately, far too few of these about. We do not need any extensive explanations of why bonuses should not exceed a certain limit, which is admittedly very high and very generous, and should be calculated over a longer period. The results of the decisions which managers are making today will, in many cases, only be visible or identifiable in a few years’ time.
On numerous occasions, companies which make profits in the short term are faced by long-term losses or even bankruptcy. Every scrap of capital is extracted from the company which is then allowed to go under. Today’s decision should result in managers exercising more restraint and adopting a more sustainable approach."@en1
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