Author Topic: So.......would you ? (Read 3462 times)

BM06 · « **Reply #10 on:** January 31, 2012, 13:23:52 PM »

I could fully understand if he had "done his job" but if making 34.000 plus employees redundent since taking the helm with another 3,500 due to go anytime now from the west country area[?] also closing the only part of the bank that is making a profit (trading dept) share price down from around 54p to 26p ish is "doing his job" then lets all have a go, I would love to see the contract that gets you nearly a million pounds worth of shares as a bonus for that performance:-\

Colwyn · « **Reply #11 on:** January 31, 2012, 13:56:47 PM »

What has happened in the UK over the last 30 years, under all governments, is that the gap between rich and poor has widened. It is now greater than that experienced in the rest of Europe and greater than in Victorian Britain. This is signally clear at the highest levels where astonishingly large payments to bankers, footballers, entertainment stars, and even "celebrities" (people who are well-known for nothing else than being well-known)run into many millions.

All of this means that denying one banker his "normal" bonus is seen by some as unfair to him, whereas others say "Why should he be given a million when RSB share values have halved?". I am not particulary worried about what Mr Hester is, or is not, paid. I am more concerned about how, over 30 years, we have sleep-walked our way into a world in which such gross inequalities - bigger than in Britain's past and bigger than in the rest of EU Europe - is treated as "normal". We follow the USA in this and it was exactly this aspect of Anglo-American capitalism that catapulted us into the financial meltdown in the first place.

pookie · « **Reply #12 on:** January 31, 2012, 14:23:59 PM »

...... everyone seems to have gone very political, which I guess is inevitable, but my original question was, what would you have done ? I'd be looking for a new boat to anchor in Fethiye marina by now.....

:D

scorcher · « **Reply #13 on:** January 31, 2012, 14:32:29 PM »

I think Steve J's solution was bang on. Almost a win win scenario. Good for the charity concerned and no harm to the possibility of a knighthood !

Scunner · « **Reply #14 on:** January 31, 2012, 14:45:22 PM »

But how would it help 'our' bank?

Colwyn · « **Reply #15 on:** January 31, 2012, 17:09:26 PM »

quote:
Originally posted by pookie

...... everyone seems to have gone very political, which I guess is inevitable, but my original question was, what would you have done ? I'd be looking for a new boat to anchor in Fethiye marina by now.....:D

Breaking news that Sir Fred Goodwin is to be stripped of his knighthood. So which would you choose - a million quid or the Queen investing you with an honour .... eh, Dame Pookie?

scorcher · « **Reply #16 on:** January 31, 2012, 17:09:39 PM »

Cheaper than today's share loss !

Highlander · « **Reply #17 on:** January 31, 2012, 17:25:47 PM »

Following on from pookie's question, should all employees of the RBS who are entitled to a bonus refuse to take it and should Miliband be demanding that they do.

Scunner · « **Reply #18 on:** January 31, 2012, 17:38:23 PM »

I'm sure Fred couldn't care less about losing his knighthood - it won't make him any more or less infamous or ridiculed, and he still has the massive financial rewards of failure to make it all feel a bit better.

maximumtom · « **Reply #19 on:** January 31, 2012, 21:19:24 PM »

I disagree with you there Keith. Public humiliation is a bitter pill to swallow.
I agree with Colwyn's post that the disparity between rich and poor should never have been allowed to happen.
As to the original question, the man is sufficiently well off to make this gesture and,if I were as well off, I would have chosen to accept and then given the money to charity.

Author Topic: So.......would you ? (Read 3462 times)

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