Wednesday, Dec 02, 2009

Why not agree on £1.25 billion?

Sky News: RBS Board Threatens To Quit Over Bonuses

The RBS board has threatened to resign en masse if the Government vetoes bonus payments approved by its directors.
RBS is looking to make bonus payments in 2009 of roughly £1.5bn.
The Treasury would be comfortable with around £1bn.

Posted by devo @ 09:55 PM (1760 views)
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1. Eternal Sceptic said...

Call their bluff and let the incompetant idiots go. They have engineered and presided over the biggest crash in history.

Wednesday, December 2, 2009 11:24PM Report Comment

2. cat and canary said...


"RBS board wanted to every man, woman and child in the UK to each donate £25 to their bonus pot for their enormous talents."

"Treasury is comfortable with every man, woman and child in the UK each giving them £16.67"

the foul stench of corruption reaches the high heavens.

Wednesday, December 2, 2009 11:37PM Report Comment

3. cat and canary said...

1.5bn is three times the entire sum of money ever raised by Children in Need, which has been running yearly since 1980

Wednesday, December 2, 2009 11:41PM Report Comment

4. devo said...

I don't want to contribute anything to the RBS bonus pot.

Is there an opt out?

Wednesday, December 2, 2009 11:45PM Report Comment

5. cat and canary said...

RBS board members dont think so devo,

perhaps now is the time that the UK consumers should take the dutch approach and bring RBS down, (which you´ve probably seen already)

Thursday, December 3, 2009 12:02AM Report Comment

6. Zebbedee said...

"RBS - which is 70% owned by the taxpayer - fears that cutting pay may make their top talent jump ship"

What talent, they've demonstrated by bancrupting RBS that they don't have a fecking clue about running a bank

Thursday, December 3, 2009 12:05AM Report Comment

7. devo said...

4. cat and canary said... (which you´ve probably seen already)


Friday, Oct 30, 2009
People Power
BBC: Depositors bring down Dutch bank

Customers of the Dutch bank DSB have forced it into bankruptcy by withdrawing £550m of their savings in just 12 days.
BBC News
Saturday, 24 October 2009 15:44 UK
Posted by devo @ 11:43 PM (900 views)

Thursday, December 3, 2009 12:12AM Report Comment

8. paul said...


Where exactly are these massively talented people going to find jobs right now?

Thursday, December 3, 2009 08:16AM Report Comment

9. doomwatch said...

Let them walk Darling, then distribute their bonuses to people who actully make a difference [not just the desks].

Thursday, December 3, 2009 08:46AM Report Comment

10. Alfie said...

Let them go, we can train a few monkeys to do the job. I'm sure the monkeys will do a better job.

Thursday, December 3, 2009 08:58AM Report Comment

11. Alfie said...

If I ran a company and made decisions that bankrupted it, I wouldnt expect to be able to find a good job very easily.... so why should they. But I forgot, the banks control the labour government and Darling likes being their gimp.

Thursday, December 3, 2009 09:05AM Report Comment

12. hpwatcher said...

These are the people who created the instability.

Good riddance!

Thursday, December 3, 2009 09:18AM Report Comment

13. mystie010 said...

Let them walk they were all a bunch of idiots anyway. Maybe we here on housepricecrash should offer our services at a fraction of the price and show the bankers how it is done. I don't think it is rocket science? Don't lend out more money that you can afford to - that's not exactly hard is it? In fact I think that you would have to be positively thick to bring down a bank. What kind of twots are these people who say give me loads of your money or I'm going to spit my dummy out of the pram. It is about time we in the UK took some direct action and voted with our feet - we should withdraw our money from every bank that is demanding these big bonuses. I have this awful feeling that the more the British people allow themselves to be walked on then the more the powers that be will do it. It really is time for a change!

Thursday, December 3, 2009 09:23AM Report Comment

14. inbreda said...

They should be in prison, and they are free. And to twist the knife they are moaning that the tax payer hasn't given them enough money.

Bullet to the back of the head time methinks.

Thursday, December 3, 2009 09:39AM Report Comment

15. The Baldman said...

There is no special talent required for investment banking. There are many people who could do just the same same for a reasonable wage. It is just a myth used by banks to justify their bloated salary structure. All banks have been bailed out (no bank would have survived without an industry bail out) the should therefore restrict these obscene salaries and not go back to the bad old ways which will mean another bailout within 2 years.

Thursday, December 3, 2009 09:47AM Report Comment

16. the number cruncher said...

My blood doth biol

Pitch forks and torches time.

Hang them from the street lights

Thursday, December 3, 2009 09:52AM Report Comment

17. holding out said...

Let them resign. At least if they go of their own accord they can't walk off with large payouts and pensions for being dismissed. Of course with the genius that is Gordon Brown in charge of negotiations no doubt he'll somehow manage to give them a massive handout even if they do go.

Thursday, December 3, 2009 10:16AM Report Comment

18. cat and canary said...

"let them walk" are also the cries from the backbenches according to rumour?

Darling wont let that happen

pitch forks time!

Thursday, December 3, 2009 10:51AM Report Comment

19. crunchy said...

The globalists do not care one iota about the welfare of 'their' cattle. Brown is just a grovelling globalist prepared to do whatever it takes to attain some reflected glory, no matter how damageing the outcome to the country he is meant to represent. IMHO.

Thursday, December 3, 2009 11:48AM Report Comment

20. timmy t said...

From the BBC... "RBS directors say it is their legal duty to act in the interests of shareholders..." so can they be put in prison for their behaviour over recent years then?
There comes a point where morals becomes more important than cash. Even if what they say is true, I for one would rather write off the bailouts and pay more tax than watch it go to these weasels in bonuses.

Thursday, December 3, 2009 12:35PM Report Comment

21. Phil Ya Boots said...

Do these muppets realise that there is a lynch mob forming? They have pushed too many people's buttons too often.
In the spirit of a Dickensian Christmas, someone needs to show these fools what could happen if a) they forego their bonuses, give large donations to charity, show a little humility, and behave like human beings can, as opposed to the current scenario b) screw everyone and run off with all the cash. One ends happily. One doesn't.

Thursday, December 3, 2009 01:18PM Report Comment

22. This comment has been removed as it was found to be in breach of our Blog Policies.


23. bidin'matime said...

I've come to the conclusion that banking is theft. It's a bit ironic that if you or I were to steal their money, they could have us thrown in jail, but we are helpless when they steal ours. I feel that we do need a revolution to set things straight.

Thursday, December 3, 2009 02:26PM Report Comment

24. timmy t said...

What would happen to RBS if everyone pulled their cash out? Anyone know?

Thursday, December 3, 2009 02:29PM Report Comment

25. bidin'matime said...

Re deleted posting #22 - would it not be possible to have an indication of what was said that breached the blog policies? I find it hard to think of anything too offensive to say about this subject and it concerns me when comments are squashed - if we are not able to see tham and judge for ourselves, how long before opinions that just dont meet with Big Brother's views get deleted (under new ownership of the site, of course..) and the rest of us are none the wiser....?

Thursday, December 3, 2009 02:34PM Report Comment

26. bidin'matime said...

Timmy t - it would of course collapse and the tax-payer would have to write even bigger cheques...

Thursday, December 3, 2009 02:35PM Report Comment

27. nomad said...

Be fair!

They've got their homes, they've got their boats, they've got their mistresses. This lifestyle takes a lot of supporting.

There's a small collection of homes - maybe thirty - just off Christchurch Harbour where the Sunseekers pull into a small secure marina and moor at steps which take them directly into their three storey houses. You would need a damn good bonus to support that sort of holiday home.

Thursday, December 3, 2009 04:26PM Report Comment

28. Hpwatcher said...

The globalists do not care one iota about the welfare of 'their' cattle. Brown is just a grovelling globalist prepared to do whatever it takes to attain some reflected glory, no matter how damageing the outcome to the country he is meant to represent. IMHO.

A contemptible lunatic, that's what I call Brown.

Thursday, December 3, 2009 06:34PM Report Comment

29. tenyearstogetmymoneyback said...

If the Government owns 70% of the shares then surely they can decide exactly what happens.
If the major shareholder says all the Directors must get behind bank counters and try and draw in some
savers then IT SHOULD HAPPEN. In Japna this sort of thing did happen with the cheif of Mazda going
round the local taxi companies trying the persaude them to buy new cars.

Thinking about normal company law isn't it the case that once someone owns more than about 33% of a companies
shares they have to make a full takeover bid. Why hasn't this happened with RBS ?

Thursday, December 3, 2009 07:48PM Report Comment

30. Sang Kim said...

It's about time to make the tower of London into better use!
I'm sure it will bring record crowd to watch the show and raise some money.
People in this planet are desperate for food and job not bonuses of astronomical figures.
So, where on universe these bloodsuckers are belongs to?!

Thursday, December 3, 2009 09:43PM Report Comment

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