... the government needs to decide how to treat pay and bonuses at nationalised and semi-nationalised companies that wish to recruit executives from the private sector. In RBS's case, there will be a row every January until the bank is sold – indeed, there will be more argy-bargy within weeks when executives below board level are handed their winnings. Doing nothing, while praying that Ed Miliband doesn't table a Commons motion, is not a policy.
31 January 2012
Another fine mess
So what, exactly, is the coalition government's current position on bonuses in the public or quasi-public sector? Or even, come to that, in the private sector? The problem is not going to disappear. As The Guardian reports: