BAB: Bonuses Are Back

BAB: Bonuses Are Back
A new City acronym: Bonuses Are Back.

Commenting on a recent City of London event, The Guardian’s Julia Finchobserved: “leading bankers talked excitedly about the new buzzword in their born-again sector: BAB.”

BAB stands for Bonuses are Back, and its arrival in the lexicon of the Square Mile is evidence that bankers are once again looking forward to bumper payouts, just eight months after the sector faced meltdown and governments worldwide were required to prop them up.
Asserting that it “is universally accepted that the vast rewards available to bankers for taking huge risks were the root cause of the crisis,” Finch reported:
Even Royal Bank of Scotland, which is now 70% owned by the UK taxpayer and was supposed to restrict the way it pays bonuses, is back inbonanza mode.
According to Finch:
BAB neatly summarizes a Zeitgeist in the same way as “greed is good” and “masters of the universe” came to stand for the heady days of 1980s Wall Street.


Dictionary of unconsidered lexicographical trifles. 2014.

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