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"There would be no reward for people who have failed,"

£0.00 @
Said our Darling Chancellor as he sets RBS bonus limits at £340 000 000 - or over £6 per head for each man woman and child in the UK. http://news.bbc.co.uk/1/hi/business/7895235.stm Read More
ibiza Avatar
8y, 5m agoPosted 8 years, 5 months ago
Said our Darling Chancellor as he sets RBS bonus limits at £340 000 000 - or over £6 per head for each man woman and child in the UK.

http://news.bbc.co.uk/1/hi/business/7895235.stm
ibiza Avatar
8y, 5m agoPosted 8 years, 5 months ago
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#2
Maybe actually reading the article might be worth your time in future:

Mr Darling said bonuses at RBS would be cut from the £2.5bn paid last year to £340m. There would be "no reward for people who have failed," he added.


And bonuses will no longer be paid in cash, but in shares.


So the hard working staff at RBS not only lose out on cash for their bonuses, but get a fraction of what they did before.

I wish people would read articles before posting....
#3
^^^^^^^^^^ That +1 ^^^^^^^^^^
1 Like #4
So the hard working staff at RBS not only lose out on cash for their bonuses, but get a fraction of what they did before.

While hard working people at other failed businees,s get the boot
#5
Xb0xGuru
Maybe actually reading the article might be worth your time in future:





So the hard working staff at RBS not only lose out on cash for their bonuses, but get a fraction of what they did before.

I wish people would read articles before posting....



+2. No bonuses for you, Ibiza :p
#6
tonyg1962
So the hard working staff at RBS not only lose out on cash for their bonuses, but get a fraction of what they did before.

While hard working people at other failed businees,s get the boot


I'm sure there's a point to your comment - I can't see it tho.

If you signed a contract of employment that states you're entitled to a performance based annual bonus, then you should be due something. If you didn't then tough luck.

You have got to see it from the point of view of RBS staff. I would guess most would have relied on their bonus to suppliement their income (which would have been deflated to incorporate the bonus scheme). Don't forget that they're not getting a penny - shares are only worth what someone will pay for them and at the end of all this, could be practically worthless.

I'm lucky and work for a major company who have done well over the last year, against the flow of the economic downturn, but appreciate this will be a very tough time for others.
#7
Xb0xGuru
I'm sure there's a point to your comment - I can't see it tho.

If you signed a contract of employment that states you're entitled to a performance based annual bonus, then you should be due something. If you didn't then tough luck.

You have got to see it from the point of view of RBS staff. I would guess most would have relied on their bonus to suppliement their income (which would have been deflated to incorporate the bonus scheme). Don't forget that they're not getting a penny - shares are only worth what someone will pay for them and at the end of all this, could be practically worthless.

I'm lucky and work for a major company who have done well over the last year, against the flow of the economic downturn, but appreciate this will be a very tough time for others.


Got it in one my friend.
Guess who I work for.................... :cry:
#8
Xb0xGuru
Maybe actually reading the article might be worth your time in future:


:
Mr Darling said bonuses at RBS would be cut from the £2.5bn paid last year to £340m. There would be "no reward for people who have failed," he added.
:
And bonuses will no longer be paid in cash, but in shares.


So the hard working staff at RBS not only lose out on cash for their bonuses, but get a fraction of what they did before.

I wish people would read articles before posting....



Oh how witty, clearly I must have forgotten to read the article.

Obviously I read the article - your perspectives show a gross lack of understanding

Bonuses in the private sector should be paid from profits - not public money.

What was used to buy the shares given as bonuses?

Obviously the bonus has dropped - the offending part is its still being paid from taxpayers money.

Staff can work as hard as they want - but if their company is making loses to such an extent that they need supported by public money then they should expect to receive less. Should the government now pay bonuses to those hard working staff from Woolworths, various tour operators, and anyone else who can no longer pay their staff?

Your attempt at wit seems like the bleatings of someone from the banking industry - accordingly you deserve the respect afforded anyone else who is a wit of a banker. :whistling: :whistling: :whistling:
#9
Xb0xGuru
I'm sure there's a point to your comment - I can't see it tho.

If you signed a contract of employment that states you're entitled to a performance based annual bonus, then you should be due something. If you didn't then tough luck.

You have got to see it from the point of view of RBS staff. I would guess most would have relied on their bonus to suppliement their income (which would have been deflated to incorporate the bonus scheme). Don't forget that they're not getting a penny - shares are only worth what someone will pay for them and at the end of all this, could be practically worthless.

I'm lucky and work for a major company who have done well over the last year, against the flow of the economic downturn, but appreciate this will be a very tough time for others.


The point is that these are the worst performing companies in britain and shouldnt even exist anymore ,If i worked there i would be thankful to still have a job,Unlike many staff at many companies who have performed well but have lost there jobs anyway because money has been diverted to prop up failin banks,
#10
In fact many people the many people in banking who werent given handouts by the government and have also lost there jobs would be glad to have the employment never mind the bonuses
#11
[sung]They all deserve to die. Tell you why, Mrs. Lovett, tell you why!
Because in all of the whole human race, Mrs. Lovett, there are two kinds of men and only two.
There's the one staying put in his proper place and one with his foot in the other one's face. Look at me, Mrs Lovett! Look at you!
No, we all deserve to die... Even you, Mrs Lovett, even I!
Because the lives of the wicked should be made brief. For the rest of us death will be a relief.
#12
Xb0xGuru
I'm sure there's a point to your comment - I can't see it tho.


Try here
#13
To be fair i understand what you are saying about people deserving there bonuses but the government should have negotiated things a lot better ,
1 Like #14
ibiza
Oh how witty, clearly I must have forgotten to read the article.

Obviously I read the article - your perspectives show a gross lack of understanding

Bonuses in the private sector should be paid from profits - not public money.

What was used to buy the shares given as bonuses?

Obviously the bonus has dropped - the offending part is its still being paid from taxpayers money.

Staff can work as hard as they want - but if their company is making loses to such an extent that they need supported by public money then they should expect to receive less. Should the government now pay bonuses to those hard working staff from Woolworths, various tour operators, and anyone else who can no longer pay their staff?

Your attempt at wit seems like the bleatings of someone from the banking industry - accordingly you deserve the respect afforded anyone else who is a wit of a banker. :whistling: :whistling: :whistling:


+1
1 Like #15
why should people be payed bonuses out of taxpayers cash!, That takes the pish.If a company fails they should be happy to keep there jobs like other smaller firms who are living in the real world.
banned#16
ibiza
Oh how witty, clearly I must have forgotten to read the article.

Obviously I read the article - your perspectives show a gross lack of understanding

Bonuses in the private sector should be paid from profits - not public money.

What was used to buy the shares given as bonuses?

Obviously the bonus has dropped - the offending part is its still being paid from taxpayers money.

Staff can work as hard as they want - but if their company is making loses to such an extent that they need supported by public money then they should expect to receive less. Should the government now pay bonuses to those hard working staff from Woolworths, various tour operators, and anyone else who can no longer pay their staff?

Your attempt at wit seems like the bleatings of someone from the banking industry - accordingly you deserve the respect afforded anyone else who is a wit of a banker. :whistling: :whistling: :whistling:


There are plenty of companies that are funded by taxpayers who's employees get paid bonus's. Every train company for starters and Network Rail are good examples.
#17
ibiza
Oh how witty, clearly I must have forgotten to read the article.

Obviously I read the article - your perspectives show a gross lack of understanding

Bonuses in the private sector should be paid from profits - not public money.

What was used to buy the shares given as bonuses?

Obviously the bonus has dropped - the offending part is its still being paid from taxpayers money.

Staff can work as hard as they want - but if their company is making loses to such an extent that they need supported by public money then they should expect to receive less. Should the government now pay bonuses to those hard working staff from Woolworths, various tour operators, and anyone else who can no longer pay their staff?

Your attempt at wit seems like the bleatings of someone from the banking industry - accordingly you deserve the respect afforded anyone else who is a wit of a banker. :whistling: :whistling: :whistling:


I wasn't attempting to be witty -sorry if you thought otherwise. You openly admit that staff bonuses should receive less (in this case they're receiving nothing), so what's your point caller?
By posting on this you're actually contradicting your own opinion.

So what if it's public money? Would you rather see people out of work because they can't afford to live on the smaller salary being offered and then have to claim more in jobseekers allowance (which you already know costs a great deal more than £6 a head).

I also don't work in the banking industry - methinks you doth assume too much.
#18
guv
There are plenty of companies that are funded by taxpayers who's employees get paid bonus's. Every train company for starters and Network Rail are good examples.


"EVERY" being the key word, as trains would not run without funding, however not all banks needed funded. Was Barings funded after Leeson? That is what should have happened to the worst performers now too, as why subsidise a business that cannot run to a profit. It would be on a par with reopening some coal mines and steel works again just to give people unviable jobs.

If a train company performed as poorly as the many banks, then its likely they wont get the franchise the next time.

Lastly the bonuses paid to rail employees hardly compare to those paid to bankers. Has any rail company paid out £340 000 000 to staff in bonuses (never mind the previous £2 500 000 000).
#19
Xb0xGuru


I also don't work in the banking industry - methinks you doth assume too much.




Reiterating - from your post you appeared a wit of a banker. :whistling: :whistling: :whistling:
#20
Adding more fuel - subsidising a company ( especially that deals internationally - which can seem unfair against foreign businesses) is an anti competitive practice - its amazing the UK has not yet been censured by other EU nations who are not supporting their banks that messed up.
#21
ibiza
Reiterating - from your post you appeared a wit of a banker. :whistling: :whistling: :whistling:


a banker with a brain, thank you very much :whistling::whistling:
#22
poor bankers, not as if their on the breadline. Just means no new X5 for them this year
#23
tdogg
poor bankers, not as if their on the breadline. Just means no new X5 for them this year


Welcome to Planet Earth.

You really think the staff that work behind the counter are driving X5s? Get a grip.
#24
Invest your money locally.

It has similar safeguards.

If they start doing direct debits. standing orders, and hole in the wall cards the banks days of having most individuals risk being numbered (which could happen too if Mandleson gets his act together and keeps/develops the post office).

http://www.abcul.org/page/index.cfm

(Interest from money invested - (costs and defaults))/amount invested and multiplied by what you have saved with them is paid back to you each month.

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