UK Bonus Culture Lambasted

“The incentive payments do damage,” he told the committee, adding: “If you put people on 1,000 per cent bonuses they’ll do extraordinary things. No one would say things haven’t gone far too far.”

Jon Moulton, founder of Alchemy Partners, is the latest financier to criticise executive perks as irresponsible.  His comments to MPs come amid growing fears of an imminent collapse at the heart of the debt-servicing industry.  His concerns echo those of Dutch Finance Minister Wouter Bos regarding reckless boardroom remuneration packages.