TelBoy

But even if everybody involved put their hands up and said "Yep, it was me", how would that change the strategy for getting us out of the hole we're in? How does culling a board and potentially destroying a bank solve anything? Apart from keeping the hyenas happy?

[-(o)-]

iTrader: (1)

Thats a situation created by the RBS board. There are times when some humility goes a long way. Particularly when you've had the hyenas lunch.

Jamz3k

Call their bluff! Who would actually employ them after all this? Don't deserve a feckin' penny!

dpb

i would just love to see the actual balance sheets for the end of the year, not some other spurious time capsule, for these people that have suppposedly net their banks x milllions and have no qualms with pocketing rediculous bonuses as a result

I frankly dont believe , maybe Tel could indulge us

Trout

iTrader: (1)

I think you might find that some of the key members of the board that got RBS into this have long gone to spend more time with their pensions!!

The new leadership is eminently employable in this or other sectors.

All the tilting at windmills is merely a regurgitation the tabloid headlines!

SunnySideUp

But let me ask you a question. If you LOST £10,000,000 in bottom line profit in a year, what would you be happy to be asked TO PAY BACK??

£35,000 ?

Or what's your number?

Fact is, they paid no penalty for being **** at their job ....... the market itself has generated big profits - these bankers are still **** at their jobs!

Only now they are in the trough again!

Let them leave!

TelBoy

Pete, how many mortgage backed asset traders do you think RBS now employs? Give me a number. Pick a number.

Trout

iTrader: (1)

Tel - DD already pointed out - bringing facts to the table doesn't really help a Snet powered debate

Trout

Sub97

I don't really understand the ins and outs of it all, but I constantly feel dismay at how so many people get so wound up about tabloid headlines. It's almost got to the point for me whereby I'll believe exactly the opposite of whatever the tabloids are trying to ram down our throats. The fact that they seem to have so much power in this country, is both alarming and sad in my opinion..

Going back to the banks, from what I can tell, RBS is made up of more than one section. The particular section that is getting the 1.5 billion worth of bonuses is a very profitable section, and didn't cause the current crisis. The profits they are generating are helping keep the rest of the bank going, and will be the main thrust behind what brings the value of the bank back up, and will in turn pay back us, the tax payers who bought their shares. So shouldn't we actually want the best people working for us in that section, and pay them the market rate? Like I said though, I don't work in the banking sector, or have anything to do with Finance, so could well have all that wrong.

If you worked as a salesman in a company though, and you were on a contract that said you earn a very small salary (on the market rate for the skills of your job) and make the rest up in bonuses. If you performed well, as did your entire department, and hit all your targets, would you not be pissed off if people said "Sorry, you're not actually going to get any of your contractually agreed bonuses because the R&D department have wasted all their budget"?

Also, I'm pretty sick of hearing how people on the NHS work harder than bankers/footballers/F1 drivers/golfers etc etc. We've all agreed to live in the free world, with open markets. People are paid what their job is valued at. If you don't like it, do something else. If you can't do something else, just get on with what you are capable of doing without moaning about what other people are doing.

And before people moan that the banks were bailed out, yes, that shouldn't have been allowed to happen, but now it has, it would have been much worse to do nothing. We should ensure we get all of our money back (by allowing the profitable arm of the banks to make back as much as they can as quickly as they sensibly can), and then put in legislation to hopefully stop all this happening again.

Sorry for the rant!

TelBoy

That's Post of The Week sorted out then...

Trout

iTrader: (1)

+1

Xx-IAN-xX

Not sure , how much money should we keep chucking at them ,give us a number

dpb

Ah right so the very profitable section DIDNT cause the crisis , got yer


Sorry that really doesnt sound plausible


Note - another person who believes they shouldnt have been bailed out

Leslie

I could not agree more! There is no shortage of qualified people who lost their jobs recently who would be delighted to fill the empty slots at those sorts of salaries and under the conditions that these people are whingeing about.

I get the impression that working with money seems to encourage sheer greed in so many of those in that sort of job. I can remember the days when people were prepared to trust banks as decent organisations, but as time has gone by I have seen that trust to have become largely misplaced.

Les

GC8WRX

Get the c2nts whio failed out, **** their bonuses too, i reckon if one of them got fired tomorrow, i could walk in on monday morning and do their jobs piece of pi55!

SunnySideUp

They did an experiment once - they put up a bunch of schoolkids against the top investment bankers .... as an aside they used a pin to choose investments.

The Schoolkids beat the Bankers, by quite a large margin ......... shockingly, the pin beat both of them!

ANYONE, and I mean ANYONE, with a pin and the Ft Share pages can equal (at least) these clowns who think it's their cleverness that is making money .............. the market is making money BY ITSELF!!!!

Let them walk - lets put it all to the test - I'm pretty sure we will all realise it's been one big con!

hodgy0_2

to be fair at least they get up and go to work

it's **** like Zak Goldsmith that get up my goat -- as far as I can see he has delivered the square root of fvck all to this country