City AM – Billionaire investor George Soros at the weekend became the latest high-profile financier to wade into the bonus debate as he claimed the backlash against banking fat cats on lucrative pay deals is justified.
Speaking in an interview about large profits reported in recent weeks by Wall Street’s biggest banks, Soros said: “Those earnings are not the achievement of risk-takers. These are gifts, hidden gifts from the government, so I don’t think that those monies should be used to pay bonuses.”
