BBC World Service - Business - Bank bonuses: 'Gangmaster culture' in UK

BBC World Service - Business - Bank bonuses: 'Gangmaster culture' in UK: "chairman of one of Britain's biggest banks has said that a 'gangmaster culture' exists among the investment bankers in the City of London who work for him.

Sir Philip Hampton, chairman of the Royal Bank of Scotland, said this culture is partly responsible for big banker salaries. He told the BBC's business editor, Robert Peston, that it was a 'major challenge' deciding how to compensate the less-than-stellar players that surround top banking talent."

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