Fresh Horizon

BBC News - RBS to cut 3,500 jobs in shake-up

..the head of RBS investment banking is likely to get a 4 million pound bonus in April!!!? - how's that? the bank has vast losses and it is is over 80% owned by the state now and state workers have had to bite the bullet, so why not these types!?

Because your mate won't curb their excesses.............he daren't as they bankroll his party and election campaigns.

..the electorate might notice this one - that obscene bonus in these circumstances, is so beyond the pale

That's the going rate for his position. Footballers, actors and corporate leaders have a good pay scale, regardless of how good they do in the short term.

Your comparing footballers/actors pay scale with bankers/corp leaders??? Footballers/actors are paid based on entertainment value ie, prolific goal scorers/box office tickets????

Whereas bankers/corps are paid based on how much money they can skim/take from our bank accounts????

The bonusus are ratcheted up year on year and the electorate roll over year on year.
A bonus for getting it wrong and losing money ... good work if you can get it.
Again there are the usual noises about the bonus system and guess what .... nothings being done about it.
Maddog of all people is on this thread defending a system which rewards failure ... strange that ... or is it?

They are paid, based on what the owners are willing to pay them, just like athletes and actors for the most part.

I defend the system where people negotiate a wage. If the owners of a bank want to a gazillion bucks a year, it's none of my businesss, unless I am an owner of the bank, or the bank is owned by the government.

LOL, You think it’s that simple.
Financial institutions are suing each other left, right and centre.
Maybe they are all in cahoots with one another , and the law suits are just fiction????
Banks lowered their lending standards, sold a dream to unsuspecting consumers, and then sold that crap paper onto unsuspecting investors.
We all rely on credit, it’s what makes the world go around, no one pays cash for anything, including you. Therefore, none of us can afford to pay for what we buy, we rely on honest brokers to give us a fare deal without any pitfalls.

That has nothing to do, with how much the executives at a bank are paid by the owners. I don't care how much you make, how much you pay your employees or how much a bank President makes, unless the tax payer is paying the fee.

All manner of people make gobs of money becuase they convince someone they are worth it. More power to them.

Lots of people get rich because people will hand over their money to watch them perform. Two words.

Lady Gaga.