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Jim Liddle

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Sarkozy gets it right but is all on his own

Sarkozy, the French leader, is all on his own it seems in wanting to restrict bankers bonuses, creating a campaign to ‘moralise capitalism’. He has forced French banks to agree to a code of conduct by threatening to pull French government business if they don’t agree. French banks have had to agree to spread bonus payments over three years, with part paid out in shares. There are also clawback clauses if business that is generated turns sour and transparency on how bonuses are paid.

All sensible stuff ! Where does the British government stand on this ? Remarkably silent….why am I not surprised….

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Jim is CEO of Storage Made Easy. Jim is a regular blogger at SYS-CON.com since 2004, covering mobile, Grid, and Cloud Computing Topics.