Swiss bank Credit Suisse is the first bank to force its employees to carry out the mandatory charitable contributions, resulting in hundreds of managing directors in the U.S. sent about 2.5% of bonus payments for 2010 to the charity, the newspaper writes Financial Times.
With this measure, which will be valid only in the U.S., the bank plans to help out for charity about $ 30 million. Significant amount of bonus payments to bankers began last year the subject of sharp criticism on both sides of the Atlantic to the extent that the financial sector began to recover from the global economic crisis.
Politicians in Europe and the United States points to an invalid excessive compensation in their presentation by management, many of which were able to overcome the difficult period of its development, largely due to the taxpayer.
U.S. bank Goldman Sachs Group Inc. developed a plan for the bonus payments, according to which they can be withdrawn in case of improper employee risks. Payments can be partially or completely withheld if the employee had improper risk analysis or failed to fully report on the risks. Credit Suisse has been founded in 1856. The bank, which operates in 50 countries and employs over 48,000 people.
The work is nice, but a good rest has not been canceled. And probably the best way to spend your holiday, it is relaxing on the warm sea. Sightseeing tours in Cyprus is the best option. Travel in Cyprus will open up new experiences, and will give the opportunity to experience the hospitality of the locals.