Bonus system scandalize Stros-Cannes

The Director General of the International Monetary Fund Dominique Stros Kahn said he was returning from scandalize the system for allocation of bonuses in banks despite the economic crisis, France press forward.

According to him, this will cause new dramas, if not stopped. „Scandalize am what I see,“ he said during the interview distributed on the website of TV France 24. „The fact that that was not the only reason, but one of the reasons for the situation at the moment – this bait for profits These easy money this way to take imprudent risks in order to earn money to return so quickly scandalize me, „he said.

Stros-Kahn expressed his disappointment that has not yet introduced legislation to prevent this, a small group of men and women, attracted by the profits to sloven entire world economy to disaster. He however stressed that this is not work of the IMF. „This is something we create dramas which will create new, if not stopped,“ said Dominique Finally Stros-Cannes.

Some international banks have recently started to provide guaranteed bonuses to attract and retain its employees. The system of bonuses was very strongly criticized, as it became clear that it rewards bankers and stock brokers for their assumed higher risks whose initial gains and turned into huge losses. This system was strongly stigmatized as one of the reasons for the current global financial and economic crisis.

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Finance

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