Austrian centre-right MEP Othmar Karas has called for an end to massive bankers' bonuses, which in some cases amount to 10 times the basic salary.
"We are looking at a set limit," Karas told the parliament's economic affairs committee in Brussels on Thursday (12 April). He explained that under his model, bonuses should not surpass a ratio of one-to-one on fixed salaries.
The highest paid banker in Europe in 2011, according to Financial News Online, is Mike Rees, who is the head...
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