Half of British bankers said they would leave the the country if their bonus pay was capped.
The poll by jobs website eFinancialCareers.com found that 49 percent of British-based bankers would consider voting with their feet such a limit to their income were introduced. That figure rose to 71 percent among financiers with six to ten years experience.
“Were bonuses to be capped unilaterally in the UK, the country would run the risk of an exodus of top financial talent,” said John Benson, chief executive of eFinancialCareers.
Financial talent? Are they serious? Oh, and by the way, where ya headed?
However, the number of alternative locations in which to work has shrunk dramatically as the credit crisis has hit hiring and pay around the world.
Idle threats, since there simply isn’t anywhere for them to go. Dangerous game of Chicken, since most of them should and may soon be out of a job.