do you think they will quit?

mattheman

mattheman

mattheman

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vonhelmet said:
All gonna quit?

Waaaah.

I'm sure there are plenty of capable people who would jump at the chance of a job like that.
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And I am sure plenty of those are capable of being equally greedy.

Wont make one bit of difference if they all quit. They'll just be replaced by more pillocks who have no idea what they're doing.
 
Ridiculous... On the one hand, I think that it's important for us to offer as much incentive as possible to make sure London remains a strong beacon in the financial world.. On the other hand, the amount of money going on bonuses given the recent performance of the banks is utterly disgraceful. £1.5billion on bonuses to a state owned bank, shocking... Alas, I don't think they will resign as I don't think the treasury will block the payments.
 
Article said:
The row is over an estimated £1.5billion bonus pool for staff at the investment arm of the bank, which is largely owned by the public.

[...]

The investment arm of RBS is expected to earn more than £5billion this year and the bank has long argued that it must pay the going rate to retain key staff.
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What's the problem?
 
So the investment part of the bank made 5 billion profit? Yet people think they shouldnt get a bonus? If thats the case whats the point on the investment arm trying at all?
 
I think they should be giving up their bonuses after the mess they got the country into and the tax payer had to bail them out, they should hang their heads in shame for a few years.

Plus the talk about them losing key staff, haha tell that to the 100,000s people that lost jobs during the recession. Every person that pays tax should be allowed to vote yes or no to the bonuses.
 
Repta said:
So the investment part of the bank made 5 billion profit? Yet people think they shouldnt get a bonus? If thats the case whats the point on the investment arm trying at all?
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Its not like they aren't getting paid.

The UKFI is in charge of handling 70% of RBS that it owns. £1.5bn that goes out in bonus payments, is a £1.5bn avoidable decline in its capital. That may as well be £1.05bn from the taxpayer to bankers. Money for which the government gets no equity in return.

This isn't a clear cut choice. The other 30% of shareholders have different incentives (and will be well diversified). All they can lose, is their equity. The government is not only gambling with its equity share it has now, but any future capital injections it needs to make.

In my opinions RBS should be winding down. Selling off each and every part, bit at a time to private hands whilst also recouping money for the government. Its possible that if the government holds onto RBS as an entity, it could make back a larger portion of what it invested, but its still a gamble.

http://online.wsj.com/article/BT-CO-20091127-702578.html

Its balance sheet is apparently too big as well. Unfair for banks in the UK and the rest of Europe who basically don't have governments backing them.
 
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