goldenecitrone
post tenebras lux
Time for some literal head-hunting?
Royal Bank of Scotland chief executive Stephen Hester to trouser 963k bonus
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Time for some literal head-hunting?
teqniq
DisMembered
39 degrees has a petition:
http://www.38degrees.org.uk/page/s/rbs-chief-don-t-accept-your-1-million-bonus
http://www.38degrees.org.uk/page/s/rbs-chief-don-t-accept-your-1-million-bonus
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
Trying to pressure him to turn down the money seems to be missing the point to me.
teqniq
DisMembered
yeah I see what you mean but it's better than nothing
ViolentPanda
Hardly getting over it.
The government can afford better lawyers than the unions, but the banks can afford better lawyers than the government.
ViolentPanda
Hardly getting over it.
Unless the pressure involves pulling his finger and toe-nails out with pliers.
equationgirl
Respect my existence or expect my resistance
The BBC had an article about it. Their take on it is 'but he'll be pointed at and laughed at by all the other CEOs because of his bonus being so small, it'll be so humiliating for him'.
Obviously they have no idea what humiliating really means...
Obviously they have no idea what humiliating really means...
Nor do they seem to have any idea that there are suits who'd pay good money to be humiliated on a regular basis...
"But so and so has it" is a very flimsy excuse anyway.
butchersapron
Bring back hanging
Rich people need more money to enthuse them, poor people need less. I think it's genetic.
Zabo
Well-Known Member
"Hester also enjoys horse riding, as his wife is a master of fox hounds in Warwickshire:"
DotCommunist
So many particulars. So many questions.
haigs conscience salver on his lapel
emanymton
A cat politely sat on the flaming gardener.
Which to be frank is quite true. As obscene as this is, compared to many executive bonus bonus it is relatively modest. The problem of course is far wider than banks but to give an example from another bank, and I appreciate this is not a bonus payment but it gives an idea of scale.
When Michael Geoghegan quit as chef executive of HSBC after he got passed over for the chairman's job (therefore displaying he has the emotional intelligence of a 5 year old) his total leaving packing came to £38 million, including £1.6 million for early termination of contract.
As an aside some utter cock was on the today program yesterday defending him (Hester that is) because it's not an easy job to have to sack over 20,000 people and he must find it a really had thing to do.
butchersapron
Bring back hanging
It's not true. That people might claim that it's the case is true. But using these people logics no one above a certain wage/bonus/rip-off system would ever accept one below anyone else's due to the personal humiliation it would entail is not true. They do.
danny la rouge
More like *fanny* la rouge!
Yes. He should be given £2M for the trauma.
emanymton
A cat politely sat on the flaming gardener.
Sorry didn't mean to imply it's justifiable in any way or that the humilation thing is true. Just that there are many more senior execs out there getting bigger bonuses. It also pisses me of that ll the talk is about the bonus. Apprently the £1.2 mill salary (or what ever it is) is perfectly aceptable.
weepiper
I fix the machines that fight climate change
ok, 137 years. Still gonna be a struggle though
danny la rouge
More like *fanny* la rouge!
And that's why you're not the RBS boss.
weepiper
I fix the machines that fight climate change
equationgirl
Respect my existence or expect my resistance
Oh I know it's true - the BBC article encouraged the reader to feel sorry for Hester by pointing out he was in the bottom 25% - I just think that trying to make people feel sorry him because he'll be humiliated was totally the wrong point to take. Had the article made the same facts without trying the same guilt-trip, I think it would have added perspective and contect to the bonus figure.
I think that in the current climate CEOs should look long and hard at their compensation packages and those of their workers. My payrise hasn't matched inflation since 2008, although at least I have a job.
I think that in the current climate CEOs should look long and hard at their compensation packages and those of their workers. My payrise hasn't matched inflation since 2008, although at least I have a job.
equationgirl
Respect my existence or expect my resistance
Bigger market for a Cameron one I reckon - you could do a whole rangeDo you think there would be an ebay market for a Fred Goodwin/Hester dartboard?
stuff_it
Too skool for cool
That's why it's £963k, not £999k or £1m....His suit is well ugly though.
Money cannot buy style
edit: it has taken a good 30 seconds for it to hit home how much of a redonkulous amount of money that is to just get given, as a bonus as well n that. Jeeeeezz.
stuff_it
Too skool for cool
What's actually needed is a dartboard with a lift-up metal bit, that you can fit thin cloth to with whatever pic you want...I'm sure Sabcat or similar would be happy to oblige.Bigger market for a Cameron one I reckon - you could do a whole range
magneze
🎧
He's rejected his bonus.
http://www.bbc.co.uk/news/uk-16783571
I bet he gets double next year. The row about boardroom pay should go on, but will it?
http://www.bbc.co.uk/news/uk-16783571
I bet he gets double next year. The row about boardroom pay should go on, but will it?
taffboy gwyrdd
Embrace the confusion!
Everything is fair again and we can go back to screwing the poor and middle class with a conscience. He has lead the way in austerity Britain, showing us that people can get by on just £1.2 million a year with no bonus at all. He is up there with Jesus for his level of sacrifice. How he will now afford the upkeep of his many luxury houses I don't know. Perhaps there will be an appeal fund.
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