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Don't take big bonus.

THAT David Cameron has failed - assuming he really tried - to curb bank bonuses was illustrated yesterday by the arrogant performance of new Barclays boss Bob Diamond in front of the Treasury select committee.

The self-styled Master of the Universe clearly felt there was no case to answer.

His plea to end the attacks on bankers as his industry prepares to wallow in a pounds 7billion bonus pool while we all face genuine hardship, showed not an iota of common sense. Meanwhile taxpayer-owned RBS/NatWest is fined a record-breaking pounds 2.8million for terrible customer service. So CEO Stephen Hester, already handsomely rewarded, should think twice about taking his seven-figure bonus.

We have no doubt that both men are doing a good job. But we ask them to exercise selfrestraint, to recognise it is wrong to accept huge bonuses when customers are tightening belts to simply make ends meet.

This is about doing the right thing. Bankers will be guilty of grave mistakes if they again put self-interest before the national interest.
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Title Annotation:Editorial; Opinion, Leading articles
Publication:The Mirror (London, England)
Date:Jan 12, 2011
Words:171
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