Realistbear Posted January 8, 2011 Share Posted January 8, 2011 http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8246965/HSBC-delays-bonus-payments.html Banks and Finance HSBC delays bonus payments Bonus payments at HSBC have been delayed by a month following a decision by the bank not to reward its staff before its financial results have been approved and published.../ The source added: "The bonus pool is down by about 10pc or 20pc in some cases because last year doesn't look like it was as big as the year before. But apart from the delay there's no real difference in the way in which bonuses are being paid despite the new rules." Profit or loss, the banksters will get their bonuses. Seems they want to show the world they are not a lot of crooks like we all think they are. Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted January 8, 2011 Share Posted January 8, 2011 Lets hope the banks wont need another bail out soon. After paying out all these bonuses I really think the public would riot (hopefully) Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted January 8, 2011 Share Posted January 8, 2011 Lets hope the banks wont need another bail out soon. After paying out all these bonuses I really think the public would riot (hopefully) The public were dumb enough to allow the government to hand over hundreds of billions to bankers just months after a bumper road of bankster bonuses .. no reason to believe they have gained any smarts since then. Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted January 8, 2011 Share Posted January 8, 2011 Another game of smoke and mirrors where the bankers win no matter what. Nothing ever changes... The Ponzi lives on... Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted January 8, 2011 Share Posted January 8, 2011 HSBC Were NOT bailed out. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted January 8, 2011 Share Posted January 8, 2011 HSBC Were NOT bailed out. course they were....SYSTEMIC risk was covered by the taxpayer. HSBC are a major part of the system are they not?...and if they didnt need help, then the SYSTEM wouldnt have collapsed as HSBC would have been clearly strong enough to survive....which they wouldnt have according to banks themselves. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 8, 2011 Share Posted January 8, 2011 course they were....SYSTEMIC risk was covered by the taxpayer. HSBC are a major part of the system are they not?...and if they didnt need help, then the SYSTEM wouldnt have collapsed as HSBC would have been clearly strong enough to survive....which they wouldnt have according to banks themselves. I'm with you Bloo Loo, I'm tired of this "they weren't bailed out" mantra every time HSBC are mentioned. It was a systemic bailout. Had the other banks failed HSBC would have followed. HSBC are also "bailed out" by their "industrial scale" tax evasion which means that they are paying tax at the effective rate of 5%. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted January 8, 2011 Share Posted January 8, 2011 ...to see how much profit they made ...the more ...the bigger the bonus..... Quote Link to comment Share on other sites More sharing options...
Pole Posted January 8, 2011 Share Posted January 8, 2011 Profit or loss, the banksters will get their bonuses. Seems they want to show the world they are not a lot of crooks like we all think they are. that's because we all in it together! Quote Link to comment Share on other sites More sharing options...
South Lorne Posted January 8, 2011 Share Posted January 8, 2011 (edited) that's because we all in it together! ...is that it in the RB of Bonnie Scotland ..?....then the major shareholders the taxpayers should receive their bonus.... Edited January 8, 2011 by South Lorne Quote Link to comment Share on other sites More sharing options...
billybong Posted January 8, 2011 Share Posted January 8, 2011 (edited) "The bonus pool is down by about 10pc or 20pc... So they'll have to raise more taxes for bailout money. Bailout money = the bonus pool. Have they even found the note yet Edited January 8, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
Guest_Bosworth_* Posted January 9, 2011 Share Posted January 9, 2011 Bizarre article. By convention HSBC has already agreed its bonus pool and allocated the amounts out to its staff. People are notified in Jan and paid in Feb. As it ever was. Not sure what this article is actually claiming is different. Quote Link to comment Share on other sites More sharing options...
wonderpup Posted January 9, 2011 Share Posted January 9, 2011 HSBC Were NOT bailed out. The bailouts were to save the system, not the individual banks- HSBC were saved along with all the others. The point about the bonus's it that the industry has inflicted a lot of pain on a lot people and need to make amends- and one very simple way to do that would be to forgo paying themselves such large amounts of money and use it instead to try to help individuals and small business. But such a move would involve the recognition that there is some kind of moral obligation in place- and it's clear that our banking friends have trouble with the notion of 'moral obligation'- perhaps if it were given an acronym- let's call it an MO- they may be able to grasp the concept. I hope they do pay themselves billions in fact, and keep on doing so until the backlash is strong enough to break them- then the prosecutions will begin. Money is not the source of their power, that's merely the means of exchange. The source of their power is legitimacy, oddly enough- and this what they squander every time they pay themselves billions. They will destroy their own 'brand' and no politician will want to be seen anywhere near them or their interests- then they will be destroyed as a force and their ability to protect themselves will be reduced. They know this, fear it, but can't help themselves. Quote Link to comment Share on other sites More sharing options...
libspero Posted January 9, 2011 Share Posted January 9, 2011 I love the media.. on one hand they scream for banks/ers to be punished, on the other they demand that banks need to go back to lending more. Total logical disconnect.. Quote Link to comment Share on other sites More sharing options...
MrPin Posted January 9, 2011 Share Posted January 9, 2011 I used to work for a company that had a "bonus" scheme. If we had a good year you might get an extra months salary! In a bad year you wouldn't! Banking is totally different I guess! Quote Link to comment Share on other sites More sharing options...
lumpommer Posted January 9, 2011 Share Posted January 9, 2011 They will get their bonusses. We will do nothing Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 9, 2011 Author Share Posted January 9, 2011 (edited) http://uk.finance.yahoo.com/news/RBS-Boss-Unlikely-To-Receive-skynews-584572669.html?x=0 Sky News 2011, 12:29, Sunday 9 January 2011 RBS (LSE: RBS.L - news) chief executive Stephen Hester is "unlikely" to receive a cash bonus for 2010, Sky sources say. According to Sky's City editor Mark Kleinman, the bank, which is majority-owned by the taxpayer, is likely to make any award to Mr Hester entirely in stock . There are rumours circulating that stock can be sold for CASH. Who do these crooks think they are fooling? Once a bankster always a bankster. Edited January 9, 2011 by Realistbear Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 9, 2011 Author Share Posted January 9, 2011 http://www.dailymail.co.uk/news/article-1345506/RBS-chief-Stephen-Hester-receive-6-8m-despite-David-Cameron-warning.html RBS chief to pocket huge £6.8m pay packet as Cameron warns taxpayer-owned bank 'should not be leading way on bonuses' He turned down a £1.6m bonus last year but it is believed he will take this year's cash and shares bonus when it is offered to him next month and worth £2.5m. Speaking today, David Cameron warned against 'banker-bashing' saying it was too easy to make banks the scapegoats for the recession. They are definately all in it together. Quote Link to comment Share on other sites More sharing options...
euroscooby Posted January 9, 2011 Share Posted January 9, 2011 (edited) http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8246965/HSBC-delays-bonus-payments.html Banks and Finance HSBC delays bonus payments Bonus payments at HSBC have been delayed by a month following a decision by the bank not to reward its staff before its financial results have been approved and published.../ The source added: "The bonus pool is down by about 10pc or 20pc in some cases because last year doesn't look like it was as big as the year before. But apart from the delay there's no real difference in the way in which bonuses are being paid despite the new rules." Profit or loss, the banksters will get their bonuses. Seems they want to show the world they are not a lot of crooks like we all think they are. [*]What this means is that HSBC has always paid a large element of bonus in stock. Stock that vests in three to five years NOT something you can turn into cash today. [*]The new rules coming in do nothing to change thois because HSBC was always paying a more stock heavy bonus system that is within the new rules. [*]This 'delay' was announced in Feb 2010 so this is old news. Edited January 9, 2011 by euroscooby Quote Link to comment Share on other sites More sharing options...
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