Publishing the number of high earners is an OK start but it would be better if they required the banks to include the actual names. If taxpayers are having to bail out high paying industries such as banks, asking for more information hardly sounds unreasonable. FT:
Banks in Europe will be required to disclose more information about the number of their employees earning more than 1 million euro ($1.4 million) under proposals put forward by Brussels.
The European Commission has proposed that national authorities should collect information on the number of individuals per bank who are paid at least 1 million euro, and the make-up of those sums in terms of salary, bonus, long-term awards and pension.
The information would be forwarded to the new European Banking Authority, which would publish it on an aggregate country basis, in a common format for all 27 member states of the European Union.
