Greedy p*gs

Pat494

Legendary member
13,858 1,407
Bankers 'need to join real world', minister says

City Minister Lord Myners said shareholders should take action on bonuses
A government minister has told bankers "to come back into the real world" after Royal Bank of Scotland directors threatened to resign over bonuses.

City Minister Lord Myners said it was unrealistic that bankers should expect to be paid million pound bonuses.

RBS reportedly wants to pay a total of £1.5bn in bonuses to investment banking staff, and the board has threatened to quit if the government blocks the move.

The Treasury said it would intervene if it was in the interest of taxpayers.

And so it bl**dy well should !!
Tax the huge payouts to bankers.
They have made a complete mess of the banking system and then expect to be rewarded ??????????? :rolleyes:
Let them go off to the opposition - who is erm the Taliban ?
Won't get a generous payout from them - :clap:
 

gooseman

Experienced member
1,776 219
lord myners got paid out 30 million by gartmore. it's easy for him to say.

alternative is not to pay the talent, the bank stops making money, your tax £ erode in value as the shares are hammered and the bank ceases to function.
 
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meanreversion

Senior member
3,398 535
There is no easy solution to this. Losing the board is probably not a big deal.. call their bluff, let them resign and forfeit all their unvested shares. However, the real talent (i.e. the moneymakers) will likely leave, thereby rendering RBS a useless hulk of a bank. It's a sad and sorry mess, the only benefit is that it makes life very difficult for Brown. However, his pension is secure and he doesn't give a sh*t anymore. On the contrary, he is now actively trying to destroy the UK, a kind of "scorched earth" policy. A bit like when the Iraqis left the oil wells burning.
 
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Trader333

Moderator
8,502 881
I cannot see what the problem is here as the planned bonus of £1.5Bn only works out at £75K per employee :)


Paul
 

Mr. Charts

Legendary member
7,364 1,181
This isn't about social or financial "justice" or "fairness", it's about talent and success amongst traders being rewarded. It's the senior management people who encouraged high risk strategies and bad lending who are to blame, not the traders. The latter tend to spend their bonuses (after Brown and his Darling lap dog have taken 40% - yes 40% - to waste on their pet projects and a growing state sector) in the UK and thus fuel the economy.
I don't envy one trader her/his bonus; the directors and management are a different matter - they don't EARN the money.
The last thing we want to do is to drive individual talent and City wealth creators out of the UK with socialist nonsense.
Richard
 
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counter_violent

Legendary member
9,727 2,492
What i'm about to say goes completely contrary to my beliefs.

Considering that the taxpayer owns 70% of RBS...why not go the whole hog and nationalise it.

Those bank board members are on a sticky wicket me thinks.
 
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Mr. Charts

Legendary member
7,364 1,181
"Considering that the taxpayer owns 70% of RBS...why not go the whole hog and nationalise it."

Because Alex Salmond would seize it...........
 

Ambrose Ackroyd

Senior member
2,879 287
Let's face it, all the people who moan and groan about banker's bonuses would be happy to accept a fat bonus if they were lucky enough or rather, sufficiently talented to be rewarded with one.

I would suggest that there is a large element of jealousy involved here.

Leave the bankers alone................if a talented banker can make $ 50 million for his bank why shouldn't he get a slice of it ?

The very people who should not be complaining about this issue are politicians, greedy bastar*ds that they are.
 
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Mr. Charts

Legendary member
7,364 1,181
Let's face it, all the people who moan and groan about banker's bonuses would be happy to accept a fat bonus if they were lucky enough or rather, sufficiently talented to be rewarded with one.

I would suggest that there is a large element of jealousy involved here.

Leave the bankers alone................if a talented banker can make $ 50 million for his bank why shouldn't he get a slice of it ?

The very people who should not be complaining about this issue are politicians, greedy bastar*ds that they are.
Spot on, my friend !

Hypocrisy and envy, the hallmarks of socialist politicians and their camp followers in the media.
Richard
 

Pat494

Legendary member
13,858 1,407
Leave the bankers alone................if a talented banker can make $ 50 million for his bank why shouldn't he get a slice of it ?

.
And if they have lost £200 Billion that justifies a nice fat reward I suppose ??

No no no there must be retribution for a job very badly done.

Fair enough they get big rewards when they are making big profits BUT when they fail dismally on the 1st rule of banking they should suffer and be seen to suffer to deter others.

I'm not suggesting locking them up somewhere at the taxpayer's further expense !!
Oh no I'm suggesting they get stripped of all their assets bar £500 and the clothes they stand up in. Throw them out on the street - lesson learnt and probably never to be repeated. See if their rich buddies take them back in ?
 

N Rothschild

Legendary member
5,296 603
pfttcall yourself a trader and your moaning about people being greedy? trading is the holly grail of greed!
 

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