lippydave Posted January 30, 2012 Share Posted January 30, 2012 Sh*t happens.... It's beyond my remit, so let them get on with it whilst I figure out ways to make mine and my own familiy's lives better..... If we all spent as much time being enterprising and creative rather than p*ssing and whinging about what some overpaid socially inadequate tw*ts have or don't have, we might all be better off... :d Quote Link to comment Share on other sites More sharing options...
Doug Dastardly Posted January 30, 2012 Share Posted January 30, 2012 If we ignore the rights and wrongs of bonuses (not easy, I know) this guy has a pay deal, previously agreed with his employers (the shareholders via directors including the cabinet of the government at the time) so should be paid accordingly. If the terms of that agreement are not what we like, its the other people we should be annoyed at, not the guy who's done his job. I think it's pretty hypocritical of the polititians who agreed this deal to not like it now. Quote Link to comment Share on other sites More sharing options...
Norman Verona Posted January 30, 2012 Author Share Posted January 30, 2012 Seems that everyone links his bonus with the share price and/or profit. I doubt that very much, if any, of his bonus was linked to these items. The bonus' is usually linked to achieving certain strategic goals and I would imagine he has achieved these. Please remember that, like footballers, he doesn't set his own salary and bonus, it's his managers, in this case the board. As shareholders you can control who are board members but not who they employ or how much they pay. Quote Link to comment Share on other sites More sharing options...
GreigM Posted January 30, 2012 Share Posted January 30, 2012 Seems that everyone links his bonus with the share price and/or profit. I doubt that very much, if any, of his bonus was linked to these items. The bonus' is usually linked to achieving certain strategic goals and I would imagine he has achieved these. Indeed, in this case it was pretty much "get the bank somewhat stable again and don't let it go under"....as I said, the mob-rule on this one has lost the taxpayer £320 million today alone.....all this fuss over £1M. Quote Link to comment Share on other sites More sharing options...
fatbaldbloke Posted January 30, 2012 Share Posted January 30, 2012 all this fuss over £1M It's not really just over £1M is it? Many Nat West staff over the last 50 years or so have been encouraged to invest in shares in NatWest and latterly RBS. For many of them it is their pension supplement. They did it in the belief that the management of the bank would act responsibly. Most of these staff have now lost 95% of their lifetime savings due to the actions of the executives at the time. Fred Goodwin, not Stephen Hester must take much of the blame, and indeed if anyone should lose everything it should be him. However, there are still many, many, employees who have worked to the limit of their ability for many more years than Mr Hester and there is no sign of them being recompensed for the losses they have endured any time soon. If there is 1£M available to staff of RBS, are there not many more deserving cases than Stephen Hester? Quote Link to comment Share on other sites More sharing options...
V 8 Posted January 30, 2012 Share Posted January 30, 2012 as I said, the mob-rule on this one has lost the taxpayer £320 million today alone.....all this fuss over £1M. Spot on, couldn't agree more. Quote Link to comment Share on other sites More sharing options...
V 8 Posted January 30, 2012 Share Posted January 30, 2012 I think you'll find a long queue of people who would be prepared to take the fat cat top jobs at a fair salary, and do just as good, if not better job of it. Unlikeley I think, but if they did, I'd give them a millon aswell Quote Link to comment Share on other sites More sharing options...
Fat Albert Posted January 30, 2012 Share Posted January 30, 2012 Ridiculous diversion from the real issue which is... Why did Labour use our money to save RBS? Quote Link to comment Share on other sites More sharing options...
lippydave Posted January 30, 2012 Share Posted January 30, 2012 Surely the major hypocrisy here is the fact that the plonkers who employed the bloke and laid down his terms and conditions, ie the previous Labour government....are the ones shouting the loudest about it being wrong.... F**kin' hypocrites...Simply out for a bit of political gain without even the moral fibre to admit they are the tw*ts who instigated the feck up in the first place.....You couldn't make it up.... Quote Link to comment Share on other sites More sharing options...
Norman Verona Posted January 30, 2012 Author Share Posted January 30, 2012 I'm of the opinion that RBS share value will not rise until the Gov't sells its shares. Any good accountant can make a banks accounts into a loss. So get ready to buy when the Gov't sell because I reckon the following year will be a bumper profit for those in the know. However you shouldn't take me too seriously as I'm usually wrong. Quote Link to comment Share on other sites More sharing options...
SootySport Posted January 30, 2012 Share Posted January 30, 2012 Nothing wrong with being paid a bonus for a job done well but when the the normal working man sees bonuses in the millions being paid out to a Chairman or CEO you can see why the public regard these practices with distaste. If your employed and earning millions for a job well done or even poorly done you can afford to just walk away and have plenty of dosh in the kitty and not have to work again, you may get slammed in the press for being a greedy Fat Cat but you would still not ever have to work again and live comfortably. On the other hand if your on a fixed salary and earning the national average, about £27k a year, you could loose your job through redundancy or not performing as well as you should. You, I and everyone would be desperate to find new employment as we could not afford to live without regular income or on the unemployment register. Quote Link to comment Share on other sites More sharing options...
s2rrr Posted January 30, 2012 Share Posted January 30, 2012 Well this has stirred things up a bit. The RBS bank is owned mainly by whom and they made how big a profit last year, may I ask who paid for that profit. I don't think its beyond the realms of reality to understand why we all pay the guys wages and bonus (now revoked). We as little fish are always paying out shedloads of cash so that some chinless prat can make money out of us. I guess its called business but it stinks big time. Car insurance being an example. When you see the market traders behaving like animals to gamble your money purely to gain what used to be there own fancy new car, now that is small beer they are paid millions and have no scrupples whatsoever. We have not much in the way of industry apart from the financial sector and that does make shed loads but it also has recently lost a bucket full and guess what , we all pay and they get fatter whether we loose or make money. Ain't no justice so either accept it or vote in another loads of numpties who loose it all in another way. The sooner we invest and heavily in this country the better and also we need to provide products that people need and will buy. Foreign TVs and white goods, we are all happy to go out and buy German cars etc etc because they are pretty quality items. I'm as guilty as most. So why can't we do it. We are too busy with our small town mentality wanting to make a fast buck, not much in the proud to be British brigade as its not fashionable. We would rather pay daft ar*e Rooney mega bucks for knocking a sheeps bladder about. We have lost the plot in this country, roll on drier days when I can get the Westfield out for some attitude re-adjustment. Need either a straight jacket or some of that electro whatever brain treatment. Rant well and truly over, he could have donated it to some old age pensioners who do need it. Bob PPPPPPRINGLES Quote Link to comment Share on other sites More sharing options...
Norman Verona Posted January 30, 2012 Author Share Posted January 30, 2012 Soot1e, nothing stopping you for applying for the job. S2rrr, Neither of these people held a gun to anyone's head to get the money they are paid. They are paid the market value. The market value may be way too high (I actually agree that it is) but that's what is. Quote Link to comment Share on other sites More sharing options...
SootySport Posted January 30, 2012 Share Posted January 30, 2012 Well this has stirred things up a bit. The RBS bank is owned mainly by whom and they made how big a profit last year, may I ask who paid for that profit. I don't think its beyond the realms of reality to understand why we all pay the guys wages and bonus (now revoked). We as little fish are always paying out shedloads of cash so that some chinless prat can make money out of us. I guess its called business but it stinks big time. Car insurance being an example. When you see the market traders behaving like animals to gamble your money purely to gain what used to be there own fancy new car, now that is small beer they are paid millions and have no scrupples whatsoever. We have not much in the way of industry apart from the financial sector and that does make shed loads but it also has recently lost a bucket full and guess what , we all pay and they get fatter whether we loose or make money. Ain't no justice so either accept it or vote in another loads of numpties who loose it all in another way. The sooner we invest and heavily in this country the better and also we need to provide products that people need and will buy. Foreign TVs and white goods, we are all happy to go out and buy German cars etc etc because they are pretty quality items. I'm as guilty as most. So why can't we do it. We are too busy with our small town mentality wanting to make a fast buck, not much in the proud to be British brigade as its not fashionable. We would rather pay daft ar*e Rooney mega bucks for knocking a sheeps bladder about. We have lost the plot in this country, roll on drier days when I can get the Westfield out for some attitude re-adjustment. Need either a straight jacket or some of that electro whatever brain treatment. Rant well and truly over, he could have donated it to some old age pensioners who do need it. Bob PPPPPPRINGLES Tis' a good rant mate, Why can't we make stuff these days, you ask. It's because we priced ourselves out of the world market, in all cases it's cheaper to buy manufactured items from the Far East. Things may turn around in the near future though as we are now becoming a cheap labour market, just look at the reason why Honda, Nissan an Toyota built their factories in the UK. Everything goes round in circles. Quote Link to comment Share on other sites More sharing options...
SootySport Posted January 30, 2012 Share Posted January 30, 2012 Soot1e, nothing stopping you for applying for the job. S2rrr, Neither of these people held a gun to anyone's head to get the money they are paid. They are paid the market value. The market value may be way too high (I actually agree that it is) but that's what is. Yes, I would have applied but I was a little busy when the interviews were held and I have the wrong accent. I have no problem with employees being paid the going rate for what they do and what is expected of them. After all it is the way of the world economic system. It's just the way everybody sees them. Quote Link to comment Share on other sites More sharing options...
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