Monday, March 31, 2008
Rock should be re- branded as “Northern Robbery”
Northern Rock plans to introduce an all company bonus incentive scheme in the coming weeks, despite the fact the lender made a £167m loss last year. In a conference call to journalists today, executive chairman Ron Sandler said that he was finalising an incentive scheme which he intended all staff to participate in. The scheme would reward management and other staff if company targets are met.