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H S B C Banksters "appease" Shareholders With Offer To Take 10 Times Salary As Bonuses

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http://uk.finance.yahoo.com/news/HSBC-proposes-bonus-revamp-reuters_molt-2456379598.html?x=0

HSBC proposes bonus revamp to appease investors
12:24, Friday 15 April 2011
LONDON (Reuters) - HSBC (LSE: HSBA.L - news) plans a shake-up of its controversial remuneration policy to prevent a repeat of the stinging investor protests on executive pay that marred its annual investor meeting in 2010.
Europe (Chicago Options: ^REURTRUSD - news) 's largest bank has invited shareholders to vote on proposals that would limit the maximum bonus and long-term incentive plan share payouts to 10 times basic salary, from 12 times.

"Appease?" What a strange term to apply to Banksters and their looting crime wave. 10 times salary as a "bonus?" Shameless people.

The banksters don't need "appeasing" they need stringing up. :angry:

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http://uk.finance.yahoo.com/news/HSBC-proposes-bonus-revamp-reuters_molt-2456379598.html?x=0

HSBC proposes bonus revamp to appease investors
12:24, Friday 15 April 2011
LONDON (Reuters) - HSBC (LSE: HSBA.L - news) plans a shake-up of its controversial remuneration policy to prevent a repeat of the stinging investor protests on executive pay that marred its annual investor meeting in 2010.
Europe (Chicago Options: ^REURTRUSD - news) 's largest bank has invited shareholders to vote on proposals that would limit the maximum bonus and long-term incentive plan share payouts to 10 times basic salary, from 12 times.

"Appease?" What a strange term to apply to Banksters and their looting crime wave. 10 times salary as a "bonus?" Shameless people.

The banksters don't need "appeasing" they need stringing up. :angry:

You gotta admire the chutzpah though.

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(...)

"Appease?" What a strange term to apply to Banksters and their looting crime wave.

(...)

Not at all:

Appeasment has been described as the "policy of settling international quarrels by admitting and satisfying grievances through rational negotiation and compromise, thereby avoiding the resort to an armed conflict which would be expensive, bloody, and possibly dangerous"

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I read that on the Guardian website. I couldn't believe the tone of the article, i.e. that it didn't say "Is this a late April fool? Yer havin' a larf, ain't yah?" etc.

The thing is, the shareholder groups, pension funds etc. will go "OK, that indicates restraint. I am happy for you to go on paying 45% of profits as bonuses, even in spite of the fact you have already tripled base salaries to avoid the bonus tax".

I hate it when people criticise the banking system and capitalism at the same time, regarding them as one and the same thing. If the capitalist forces were allowed to operate, i.e. where the real owners of the businesses were able to make rational decisions about their capital, this wouldn't be allowed to happen. When decisions are not made by the owners, you get outrages like this happening, and the actual shareholders get shafted along with the taxpayers.

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http://uk.finance.yahoo.com/news/HSBC-proposes-bonus-revamp-reuters_molt-2456379598.html?x=0

HSBC proposes bonus revamp to appease investors
12:24, Friday 15 April 2011
LONDON (Reuters) - HSBC (LSE: HSBA.L - news) plans a shake-up of its controversial remuneration policy to prevent a repeat of the stinging investor protests on executive pay that marred its annual investor meeting in 2010.
Europe (Chicago Options: ^REURTRUSD - news) 's largest bank has invited shareholders to vote on proposals that would limit the maximum bonus and long-term incentive plan share payouts to 10 times basic salary, from 12 times.

"Appease?" What a strange term to apply to Banksters and their looting crime wave. 10 times salary as a "bonus?" Shameless people.

The banksters don't need "appeasing" they need stringing up. :angry:

...10x monthly salary OK ....if related to quality enhanced performance delivery....10x annual salary is fraud and should be investigated....what are the shareholders doing.....?..... :rolleyes:

Edited by South Lorne

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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