Never mind the “no bonuses” posturing, look at the figures.
Just in case anyone thinks that Sir Fred Whatshisface of RBS and Andy Hornbyrailway of HBOS have been punished in some way:
Sir Fred said he would waive his right to a £1.2m payoff when he leaves, but he will be entitled to an annual pension £579,000.
Yeah, I think I’d not cry too much over losing my bonus if I could console myself with the thought that every year for the rest of my life I’d get given more money than most people make in their lifetimes.
That and more handy figures to wave at anyone who thinks you should have sympathy for these parasites came from here.