SunnySideUp

BBC NEWS | Business | Former banking bosses say 'sorry'

Makes me sick!! Greedy Sods ... crying AFTER they have 'Dipped Their Bread"!!!

These are the EX BOSSES ... what about the NEW BOSSES? Lets hear from them!!

Gear Head

iTrader: (2)

And then they return to their £1million mansion via their £100,000 merc. Tossers.

ronjeramy

iTrader: (1)

Bit like Jacqui Smith claiming all that money for lodging with her sister

Leslie

They want stuffing!

Les

MJW

The whole Treasury Select Committee bollocking process is an absolute load of tosh - it's just so MPs can be seen to be 'doing something' about it, where in reality nothing happens other than the production of a load of hot air.

ALi-B

iTrader: (1)

So being remorseful makes it OK to be greedy, short sighted incompetents?

Simple; cap ALL salaries in all banking sectors. Preferably to match the US's proposed capping - but extend it to non government bailed banks. Giving employees less alternate option to move somewhere that does offer a better salary/bonus package.

This is what the FSA (and all other financial standard bodies) should have the power to enforce: organising it on behalf of their Governments. Otherwise there is no point capping salaries at government owned XX bank when the still independent YY bank still offers better pay packages.

Of course, to do that, one needs to find a clever way of nullifying any current contracts that entitles employees to certain bonuses or pay packages. A government law, for instance the "tough ******* your having a pay cut" contract nullifying proposal might do the trick.

SunnySideUp

They would leave?

What? And leave their job open for someone who may not be so bl00dy useless??

Ooooooooo, please don't go - take what you want to stay makes my blood boil!!

Tidgy

considering how bad the banking system is, is it a bad thing if they leave? lol

lozgti

I can't get worked up about it anymore.

I do however cringe everytime Darling and Brown speak about how to save us and the rest of the world from the biggest recession in 100 years.

'MORE credit and FAST'. I'd say everyone living beyond there means on the never never was far worse than the people who said they would lend it to you and now get told off for it

Gordo

Funny how noone in the country is prepared to take personal responsibility (what forced the idiots who borrowed 6x salary?)

As a poster above says, this review is all hogwash, and a deliberate distraction to stop people properly pointing the finger at Labour's woeful lack of regulation in banking. Yes, the bankers messed up - as have bosses in lots of industries, but so have our government and all of the individuals who borrowed beyond their means.

unclebuck

And Brown's apology is when...?

All of this happened on his watch and he was warned repeatedly by the EU and IMF for years about the failings of bank regulation. And Brown ignored them

ronjeramy

iTrader: (1)

Hmmmmm wonder where Pete went?

Devildog

FlightMan

Cap salary at £1m for the senior execs and link bonus' to company share price.

10% improvement in share value = an extra 10% of your salary.
20% improvement in share value = an extra 20% of your salary

And so on.

And if that's not enough, then **** off. Your all a bunch of incompetant halfwits anyway!

Leslie

I can't understand why those four, who have no banking qualifications anyway, are allowed to keep their jobs!

Les

douglasb

Les - did you read my response to you in the "Tory Bankers" thread?

Sir Fred Goodwin's qualifications include CA, FCIBS, FCIB and LLB. He also didn't keep his job.

Whatever you may think of the guy he is not unqualified and did not keep his job.

Leslie

No did not see it-will look in a minute, I am glad if he did lose his job then.

Les

lozgti

I see that Sir James Crosby has stepped down from the FSA.

(The bloke accused of sacking an employee who was warning the bank about the way they were behaving)

ALi-B

iTrader: (1)

Good thing: I've never had a high opinion of the FSA, as its just merely the bank's lap dog.