Nick Clegg interview on RBS bonuses

The transcript discusses the need for restraint in bonus payments, highlighting a 15% reduction in the overall bonus pool. It emphasizes that RBS should consider its unique position and adopt a responsible approach to remuneration, distinct from other banks.

Why does the British public believe bonus payments should be restrained?

• To align with international standards

• To ensure fair distribution of wealth

• To increase bank profits

• To maintain public trust and responsibility

What is the significance of the 15% reduction in the bonus pool?

• It indicates a financial crisis

• It shows a move towards more responsible remuneration

• It suggests a decrease in employee performance

• It reflects an increase in bank profits

How should RBS approach its bonus and pay structure in the future?

• By increasing bonuses to attract talent

• By adopting a limited and responsible approach

• By focusing on short-term profits

• By matching other banks' bonus structures

Why can't RBS be compared directly with other self-standing banks?

• Because it has a different business model

• Due to its unique financial situation

• Because it operates in a different market

• Due to its government ownership

What should be reflected in RBS's approach to remuneration?

• A plan to reduce operational costs

• A focus on increasing shareholder value

• A limited and restrained approach

• A strategy to expand globally