Royal Bank of Scotland chief executive Stephen Hester to trouser 963k bonus
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Casually Red
tomorrow belongs to me
obscene
beesonthewhatnow
going deaf for a living
For fucks sake 
Can't we just burn all of these cunts?
Can't we just burn all of these cunts?
taffboy gwyrdd
Embrace the confusion!
They will say that the bank has made 2bn profit and turned around. Of coures, how they have made that money could be a deeper question. Nurses save lives every day and get a tiny % of that in total pay. But then life is not as important as money, that's just some kooky notion dreamed up by the Dinosaur Left (tm).
taffboy gwyrdd
Embrace the confusion!
Most of it will be in shares of a bank that we are supposed to largely own. They are giving state assets away and making it sound ok. Patronising fucks.
Remind me, how much has been repaid to the government. Would I be terribly far off if I were to suggest that that figure was somewhere around £0?
taffboy gwyrdd
Embrace the confusion!
I would think you are in the
I expect you are in the right ballpark there.
I expect you are in the right ballpark there.
equationgirl
Respect my existence or expect my resistance
Simply obscene. He'll be lucky if his house isn't Goodwinned.
DownwardDog
Riding a Brompton with a power meter.
Been better than Alsitair Darling at renumeration negotiation?
They brought him in to clear up Goodwin's train wreck. If they didn't want him to have a bonus they should have said that when they hired him.
equationgirl
Respect my existence or expect my resistance
But they wouldn't have been able to hire him if they hadn't. Mind you if my base salary was £1.2m I'd feel a bit greedy asking for a bonus on top whether it was in crappy shares or not.
But has he actually done that?
Well yes, but what were the conditions that predicated the bonus? Or was it an inside job?
goldenecitrone
post tenebras lux
Can you believe these public sector workers and their gold-plated bonuses. 
London_Calling
Pleasant and unpatronising
But then if you don't pay employees commensurate with the conventions of that industry, perhaps you end up with the quality of professional staff employed at HMRC, which has costs the taxpayers quite literally a million-fold through their weakness and incompetence .... in that instance it has been the ultimate false economy.
Sure you could give the RBS job to the manager of the local O2 mobile phone shop for £35,000 a year and performance related bonus, but it might affect the £billions the taxpayer has sunk into the bank.
Sure you could give the RBS job to the manager of the local O2 mobile phone shop for £35,000 a year and performance related bonus, but it might affect the £billions the taxpayer has sunk into the bank.
DotCommunist
So many particulars. So many questions.
"I can't believe that!" said Alice.
"Can't you?" the Queen said in a pitying tone. "Try again: draw a long breath, and shut your eyes."
Alice laughed. "There's not use trying," she said: "one can't believe impossible things."
"Can't you?" the Queen said in a pitying tone. "Try again: draw a long breath, and shut your eyes."
Alice laughed. "There's not use trying," she said: "one can't believe impossible things."
danny la rouge
More like *fanny* la rouge!
The Daily Mail misses the point once more:
The RBS will say Hester has done his job well, and is turning the RBS around.
The point is, though, that with the RBS being a government owned bank, and the government requiring those at the bottom to take job losses and cuts, it is sickening that those at the top can have nearly £1M in bonus on top of an already enormous salary of £1.2M P.A. "We're all in this together"? Pull the other one.
The Mail, however, thinks that paying £2M would be just fine as long as it isn't "for failure".
The RBS will say Hester has done his job well, and is turning the RBS around.
The point is, though, that with the RBS being a government owned bank, and the government requiring those at the bottom to take job losses and cuts, it is sickening that those at the top can have nearly £1M in bonus on top of an already enormous salary of £1.2M P.A. "We're all in this together"? Pull the other one.
The Mail, however, thinks that paying £2M would be just fine as long as it isn't "for failure".
London_Calling
Pleasant and unpatronising
It's Gov owned, you say?? Someone should start a thread about that.
Hmm. I don't reckon you'll even to make it to 100,000, to be honest.
London_Calling
Pleasant and unpatronising
He's certainly laughing all the way to our bank.
weepiper
I fix the machines that fight climate change
I know someone who knows someone who nannies for the children of RBS's Director of Corporate Finance. Even he lives in a 4-storey townhouse, the nanny has a self-contained flat within it and the baby has a maternity nurse too. The eldest child is already at private school. So these people are the sort who think nothing of employing two full-time staff just for their children, one of whom is already at school. And he's small fry compared to Hester.
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
Utter, utter shite fucks.
he maybe performing brilliantly, these things are very hard to measure, but if a salary of £1.2million is not enough to incentivise the cunt, fuck him off and install the O2 shop manager on £35K, see how he does. This wankstain has no history in banking, so why should he be worth £2million a year, is he 57 times better than Mr O2 manager? is he fuck.
he maybe performing brilliantly, these things are very hard to measure, but if a salary of £1.2million is not enough to incentivise the cunt, fuck him off and install the O2 shop manager on £35K, see how he does. This wankstain has no history in banking, so why should he be worth £2million a year, is he 57 times better than Mr O2 manager? is he fuck.
The truth is that organisations like RBS largely run themselves day-to-day -- and even, to some extent, year-to-year -- without a CEO in any case. The CEO is there to provide long-term strategic planning, not to make sure this or that department is doing its job.
Would the O2 manager be able to do this strategic management? Frankly, I doubt it. It requires an understanding of large-scale corporate finance. But on the other hand, do we need somebody at £2m per year to do it? I'm not convinced about that either. RBS should be getting its head down and resetting itself as a reliable clearing bank. You don't need clever, inspired strategic visions for that kind of thing. You just need somebody to keep the strings together.
Would the O2 manager be able to do this strategic management? Frankly, I doubt it. It requires an understanding of large-scale corporate finance. But on the other hand, do we need somebody at £2m per year to do it? I'm not convinced about that either. RBS should be getting its head down and resetting itself as a reliable clearing bank. You don't need clever, inspired strategic visions for that kind of thing. You just need somebody to keep the strings together.
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