RBS boss Stephen Hester on his bank and bonuses
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Uploaded by itnnews on Feb 25, 2010
RBS chief executive Stephen Hester defends the 1.6 billion in bonuses the bank is paying. . Follow us on twitter at http://twitter.com/itn_news.
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@pangratata Yes. For your part, you're moderately entertaining too.
...Predictable
(But Entertaining regardless)
steveh777ify 1 month ago
@steveh777ify ha ha, I really like you actually.
pangratata 1 month ago
@steveh777ify I'm actually beginning to quite like you. You amuse me on a fairly busy Monday evening.
pangratata 1 month ago
@steveh777ify ha ha, I love this Steve, its great fun.
pangratata 1 month ago
...As (probably) the highest rewarded Public Servant on the Planet, he has failed in his duty to conduct himself in a manner that inspires confidence or trust. This can reasonably be expected of the lowest-paid, and is the norm in the Public Sector. Hester has bowed to the inevitable...not through any sense of decency or honour, but as a result of the public disgust generated by the flagrant abuse of his position...
...and over to you pangratata???
steveh777ify 1 month ago
Premise:
Stephen Hester has not only demonstrated pitifully flawed judgement regarding the matter of his bonus. He has also cast doubt on his political timing, his motives and intentions on accepting this position, which carried a weight of social, as well as fiscal responsiblity, and his fitness to take on this responsibilty, when the public perception of "Bankers" is at an all-time low. He has perpetuated the understanding that Bankers, with their gross sense of entitlement, are a breed apart
steveh777ify 1 month ago
@pangratata Indeed.
It's been an effective smokescreen, and a distraction from the £39,000,000 he will have realised since 2008 in salary, share options and "incentives"
So "Business as Usual" going forward, presumably???
steveh777ify 1 month ago
@pangratata YOU Again!
...By "our affairs" I suppose you mean your nose-in-the-trough, money-grubbing exploits, playing with billions you never earned on behalf of those who did in a consequence-free environment... Yes?
What do we need to know about Investment Banking that hasn't already driven this country to the brink of economic collapse?
I love dissecting the arguments of Corporate Apologists.
Where to begin is the question:
(To be continued...)
steveh777ify 1 month ago
His bonus reflects his performance as of last year. Overall, he has made RBS a much less risky organization. RBS turned over a profit of 1.5bn last year. There must be an incentive for this. Without him, you can say goodbye to tax payer’s money. Quite simple. For all those people in the general public who know fuck all about investment banking, stop jumping on the ‘ALL bankers are to blame band wagon’ and keep your noses out our affairs. Quite simple. His bonus had already been cut in half.
pangratata 1 month ago
@NUNCLEFRITZ God bless him and capitalism. I must also be a one of these people - feels good! Greed is good.
pangratata 1 month ago