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RBS chief to get £963,000 bonus
- Thread starter fire&skill
- Start date
Beach Hut
Brighton Bhuna Boy
That really is very excessive, but if contractually agreed he has a right to be paid it.
sir albion
New member
Seems about right to me,i bet he's made them a bloody fortune so deserves it
public school boy
Banned
Good luck to him.
Dandyman
In London village.
Is that like contractually agreed pension rights ?
tedebear
Legal Alien
Fair enough.
Beach Hut
Brighton Bhuna Boy
Yes, basically if a signed contract that says what you should be paid and what bonus then so be it. Ours are variable
Dandyman
In London village.
Good stuff. My pension and it's terms are part of my contract, but your mate Dave seems to want to do away with it.
sir albion
New member
I would presume its pumped up because it will be taxed 50%
Beach Hut
Brighton Bhuna Boy
Shame on you then as he doesn't want to do away with mine.........
- Jan 18, 2009
- 4,751
Why so little?
With the current rates of tax it would have made more sense to pay him at least double. What strange times we live in.
With the current rates of tax it would have made more sense to pay him at least double. What strange times we live in.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,404
not really. consdier three points: this isnt the chap who wreaked them, he will have been set objectives to meet to get his bonus and his bonus is in shares. if he's met those objectives, benefiting the company and its owners (us), then he is deserving of the renumeration. owning shares, he has a substantial interest in the business.
whats wrong is in those companies where the bonus is standard or objectives set so low as to be easily achieved, especially were they are "save the business X" which leads to a round of redundancy. of course, that might be the case here too, but i dont think so, i understand he is ahead of the planned rebuilid of the company into one that can be re-privatised, with nice payback for the owners (us again).
capitialism is great when it works properly.
tedebear
Legal Alien
I can't never see how anything other than capitalism will work. Human nature is by its very definition selfish. Therefor you will NEVER be able to share all that a society has with everyone. Should people think that the RBS bonuses are too much then go bank with someone else. Pull your money out and vote with your feet. Go on - grow balls and do it.
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Peanuts by comparison with many that work for him in the investment and corporate banking divisions, plus it's all in shares and will probably not be exercisable for 3+ years. TBH if we want RBS to recover this is the least you'd pay for someone to lead it.
GreersElbow
New member
Well, given how RBS has done, despite banks' exposure to EU debt, and other banking system problems, surely he deserves a bit of money.
I think analysts should be getting something at least, don't read about quantitative analysts
I think analysts should be getting something at least, don't read about quantitative analysts
Whitterz
Mmmmm? Marvellous
Its not as if their in the shit and hes getting a £1m pay off. Hes turned them around and getting what hes conractually obliged to. No problem here from where Im concerned.
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,486
Well yes - I agree to a certain degree, however 82% of this company is owned by the tax payer. The tax payer (and the Government if you believe what they say) are against it.
The board have threatened to resign and the Government has backed down. Should have called their bluff.
So much for strong leadership.
Lord Bracknell
On fire
He got shares last year. He's the chief honcho of RBS and he's presided over a year when the value of the shares went down. So they pay him a bonus of more shares to reward his "success"?
If he carries on like this, how long before the company collapses and everyone congratulates themselves that we are, at least, "retaining top performers"?
If he carries on like this, how long before the company collapses and everyone congratulates themselves that we are, at least, "retaining top performers"?
banjo
GOSBTS
Lucky fu#ker !
HE turned them around? I think WE turned them around?