Wednesday, Mar 10, 2010
Is it me...or is this just plain wrong ?
Sky News: Rock Pays £15m Bonuses After Cutting Loss
"Rock Pays £15m Bonuses After Cutting Loss"
"The bank reported a pre-tax shortfall of £257.5m for the 12 months to December 31, far better than the previous year when it fell £1.36bn into the red."
"Nationalised lender Northern Rock..."
"...is to pay out £14.9m in bonuses after a sharp reduction in losses last year."
Paid with our money.
A loss is a loss, they should get nowt till they are in profit and built up reserves.
How long will they get away with this for? Has no one learned anything from the last 3 years?
Posted by thecountofnowhere @ 12:49 PM (396 views) Add Comment
4 Comments
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1. Jacobite said...
I just dont understand this bonus culture, what happened to working for a salary, the ironic thing I have noticed it is usually to reward failure.
2. The Baldman said...
The surreal world of banking where bonuses are guaranteed in loss making entities.
3. mr g said...
It isn't just wrong, it's sh*tting on joe public and taking the p1ss.
4. vacuouspolitician said...
An absolute scandal. Hope the public turn on the banking elite big style - they won't be so smug then. Nevermind perhaps they can use their 'well-earned' bonuses to buy a rocket, f@@k off to the moon and do their 'useful' work there.