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"Self-regulation does not work and the report illustrates why the European Parliament took the unprecedented step of inserting a hard bonus cap in the absence of action by the industry," Arlene McCarthy, Labour MEP for North-west England, told Bloomberg.
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But as the economic crisis continues to slam black America disproportionately hard, while bonuses rain down on Wall Street, the debate has spilled into the open and will get its loudest and most public hearing yet on Saturday, in a forum held just a few miles from Mr. Obama's house in Kenwood, at Chicago State University.
Cardiff Blues made it two out of two in the European Challenge Cup with a hard-fought bonus point win over Rovigo.
There have been some exceptions made over the years, and prized sportsmen have received perks such as hard-currency bonuses and free houses and cars.
Bath boosted their Premiership play-off push with a hard-fought bonus-point win over bottom side Worcester.
Wasps secured a home quarter-final in the European Challenge Cup with a hard-fought bonus-point victory against Bordeaux-Begles in Pool Three.
But with less than four minutes remaining, George Pisi charged down the ball which allowed replacement Nutley to burst through under the posts before Ryan Lamb added the extras to seal a hard-fought bonus-point victory for Saints, who move above local rivals Leicester into third place.
Yet if Mr. Osborne pushes too hard against the bonus cap, his government risks criticism at home for succoring bankers.
In profitable periods, the executives will be paid according to performance, but in hard times, no bonus will be paid.
It certainly gives the team more power, but that is why you see players and their agents fighting so hard for the bonus money.
We had to work hard for our bonus point last week, but it always helps coming back home.
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