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What a news, now that bonuses have raised public anger, bankers have now found the solution: raise the salary by 50%. That is exactly what UBS is doing.
Now you do not need to do anything to get a bonus, you get it by default. Not much has changed you will tell me, bankers were getting their bonus while their trades were failing, but now it gets even better.
People do not seem to understand where the incentives lie, everything is made to screw the hard-working class over and over again. 'Please bend over' is the motto at the banks nowadays.
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