Thursday, Apr 24, 2008
The Biggest Rights Issue in Europe
THE SCOTSMAN: Shareholder to RBS bosses: 'You're paid as superhumans, but you're clearly not'
An audience brimming with indignation that belied their advancing years accused directors of "unbelievably bad management".
Shareholder John Steen was more abrupt when he told the meeting he would like the board to reconsider its entire remuneration policy, saying they were paid salaries "above anything the rest of us can only dream of".
He went on: "You guys are paid as though you were superhuman, and it's very clear that you're not."
Twelve months after his confident performance, Sir Fred was more reluctant to take centre stage and it was halfway through the meeting before he spoke to the crowd.
This lot are definitely in trouble
Posted by plato @ 08:24 PM (931 views) Add Comment
17 Comments
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1. fun 4 now said...
b ring it on!!
2. titaniccaptain said...
Let me think...........the words Rock and Northern spring to mind.......Mark Wadsworth can you put them in the right order for me with that magic Fag packet Calculator of yours.............If it looks like a sheep and goes baa its probably not a cow
3. jack c said...
They applied for emergency BOE funding around the same time as the Rock along with one other Bank - the Rock approach was leaked and the rest is history.
4. japanese uncle said...
Something superhuman about them is the sheer level of greed. Their recent behavior revealed their brain is less than mediore.
5. plato said...
Update on old news really,but these shareholders are stuck between a hard place and a rock (excuse the pun). This will be the pilot as other banks are desperate to follow.
Really they are holding their shareholders by the short and curleys -- what can they do ? Gamble or commit suicide?
This will be most interesting!!!
6. malct said...
2. titaniccaptain said...
"If it looks like a sheep and goes baa its probably not a cow"
effing brilliant! now try this :-
"If it looks like a sheep, has two lambs milking it dry and goes baa it probably was a cash cow before its legs gave way"
no perhaps not I'm still laughing at the original
7. titaniccaptain said...
@malct
maybe I should give the music and go in for comedy
8. malct said...
tc, never, never, ever give up the music
I did and I lost my sense of humour
no I didn't
yes I did
didn't
did
didn't
pervert
psycho
aaagghhh bo££ocks
nightshift?
9. titaniccaptain said...
@malct
Dont worry I was breast fed by my grandfather and raised by frogs............hence my inability to understand the fundamentals of mathematics.. a bit like Alistair Darling really
10. waiting for the crash said...
As a side comment. Are there any Parliamentary committees reviewing, investigating the role of the Banks, FSA, BoE, Govt etc into this current mess or do we live in a one party state, controlled by a small minority who want to hide the truth and not recieve blame nor want to take repsonsibility for their actions.
I want a Revolution - anybody else want to join in?
11. icarus said...
Astonishing. Freddy has the ear of The Broon, so that's where he learned the "It's not me, it's the global credit crunch" song. But even The Broon wouldn't say that as late as February (2008 !!!!) he couldn't see it coming.
12. A Saver said...
The banks are totally taking the p*ss, paying out whopping dividends and bonuses then coming cap in hand to the BoE for a bailout.
It's all very nice to hear that at least one chairman has apologised for his bank being stupid enough to buy CDOs but I for one would like to see the big bank bosses making some genuine moves to make amends - MAKE THEM GIVE BACK THEIR BONUSES!
13. planning4acrash said...
revolution? s2r is right, we need more destruction.Ppl mst know how banks steal wealth & freedom printin $,newspapers consistently lie& govt is complicit, socialism mainly compensates for harm caused by bank's inflationary chaos & wealth de-distribution.
14. planning4acrash said...
When ppl know that their pension, house & savings r stolen by banks printin $, that income tax mainly covers immoral interest payments 2 banks, that most social benefits r not required with a stable £ system
That 9/11, 7/11 is an inside job,thn revolution
15. planning4acrash said...
Most social housing not required if no housing bubbles,mortgages create need 4 mortgages by inflating prices, unemployment benefit hardly required ifno inflationary boom bust n stable global gold backed currency without damaging exchange rate fluctuations
16. planning4acrash said...
Think bout the billions going2key worker housing, funded by loans, payable2evil banks from your income tax 4 25 yrs, coz well paid nurses, planners,police, priced out by inflation that was allowed & mitigated only to keep banks printing$2 earn/steal.fromu
17. titaniccaptain said...
@P4AC
There is one problem with the revoulution....the powers that be are ready for a deconstruction of civilisation infact welcome it so they can rebuild it to better serve their purposes