James Moore: 'Banker-bashing' media understates the outrage
Outlook The issue of pay clearly isn't going away for that part of the financial services industry that makes the insurers look like model citizens: the banks.
There was more evidence of that at Barclays' annual meeting. It has promised reforms, and a crackdown on the bonus culture that incites such fury among the populace of a country still reeling from the effects of the downturn and the Government's austerity programme.
But, it seems, it has a long way to go before it convinces its public. It will be interesting to see what happens next year, when it comes to the annual bonus for Antony Jenkins, the fresh-faced new chief executive who passed on what he was offered this year.
It seems unlikely that the furore will have died down. The media is not leading this debate. It is reflecting public outrage. If anything the alleged "banker bashing" indulged in by the press is understating the depth of feeling out there.
There is good reason for people's cynicism. After all, Mr Jenkins may have given up this year's annual bonus. He may get bounced into it next year. But with a long-term incentive scheme that potentially offers many times his salary still on offer, it's not that big of a gesture.
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Marijuana use by teenagers does not result in a lower IQ or worse exam results, study finds
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Kim Jong-un 'purge': Six North Korea officials missing for weeks 'may have been executed'
Diwali: What is the festival of lights – and how is it celebrated around the world?
Nathan Cirillo: Final pictures emerge of soldier moments before he was shot dead by Ottowa gunman
Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
iJobs Money & Business
£350 - £360 per day: Ashdown Group: SQL Developer with T-SQL, Watford, Hertfor...
120-150k: Accountancy Action: We are looking for an experienced CFO from a min...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...