Fat bonus wrong ?

[greenstiles]

Recession hah ! job cuts, big profits, and a HUGE bonus for some like this bank..........very sad as others are really struggling ..........

If there is a minimum wage, how about a maximum wage for people like these :evil:
http://www.bbc.co.uk/news/uk-politics-16752358

 

[NAILTRAIL96]

He's done what was asked of him and been payed 60% of what was agreed as the bank hasn't done as well as they hoped.
I don't really see a problem with it, if they weren't paying bonuses then RBS would probably have collapsed with thousands of redundancies.
Banking is paid like sales, salary + bonuses. It's part of the deal.
It'slike being told you'll only get two thirds of your pay at the end of the month, it's not what was agreed and you'd rightly be p'd off about it.
A maximum wage might not be such a bad idea but i'm not sure how it could work.

 

[JeRkY]

On top of that posted above, this bonus is in share options that can't be cashed for a while, as such it is in his interest to make things better.So long as we are in a stock market driven economy, I see little problem with this.

I feel the media has poorly portrayed this instance, and sadly the populous will latch onto every sh*t stirring word of it without putting any real consideration into it. If the chap was being given a purely cash bonus I would be less impressed as there is no lever for improvement involved.

 

[cornholio's RC200]

Have the 'grunts' underneath like the tellers been given a 60% bonus too?

 

[rosstheboss]

Also, without wanting to sound like I'm rich (Ha! Far from it!), £963k is a drop in the ocean in the world of banking, equate that to being the equivalent of a month or two's pay for a premiership footballer and it really isn't that out of the ordinary in 'big business'

 

[brocklanders023]

I agree with those that say it's part of his package but what really f**ks me off is how the top earners got to be 'rewarded' with such massive pay packets in the first place. Normal workers getting at best 1 or 2% pay rise (or a pay freeze) for years while these worms sort out huge increases (20%+) every year, year on year. All sit on each others boards, all look after each other.

Same in the Public Sector. Our CFO has almost doubled his wage in 6 years (80k to over 150k) with no noticable improvement in his or the Brigades performance. They all piss in the same pot and think they're very clever for doing it. :evil:

 

[rosstheboss]

I think with the bankers there is a lot more going on behind the scenes than we are drip fed by the media, where we only seem to be hearing the bad news. You can't really compare the people on the trading floors of the worlds stock exchanges with a bank clerk, it's an entirely different world. It is, as has been mentioned a world where success is heavily rewarded, much like any other commission based job.

Yep Brocklanders - Fat cats are fat cats are fat cats...

 

[Neil]

"We're all in it together..."

 

[JeRkY]

Same in the Public Sector. Our CFO has almost doubled his wage in 6 years (80k to over 150k) with no noticable improvement in his or the Brigades performance. They all piss in the same pot and think they're very clever for doing it.

Yep Brocklanders - Fat cats are fat cats are fat cats...

Well through more luck than judgement I have personally almost quadrupled my annual earnings since first being made redundant as a medical device development engineer back in Nov 2008. Nothing has been certain and it has required several leaps of faith but meh, I'll take my bowl of cream if offered.

 

[rosstheboss]

Well through more luck than judgement I have personally almost quadrupled my annual earnings since first being made redundant as a medical device development engineer back in Nov 2008. Nothing has been certain and it has required several leaps of faith but meh, I'll take my bowl of cream if offered.

I think the point is that people staying in the same job have seen their pay increase exponentially, nothing wrong with good honest hard work mate!