Bank Bonuses

[Azeey]

So the idiot (supposedly we can't call him one-eyed or Scottish) would be 'very angry' if bank bosses paid themselves big bonuses. I hope that such a strong threat scares the bank bosses. why on earth was it not made a condition of the multi-billion pound bailouts? I hate to admit to it, but we should have set the terms of the bailout in a similar way to the Yanks

[Master_Shake]

When this story first made the press I was disgusted that my tax could be going towards the bonuses of these ****s who have been responsible with the current economic crisis.

However, it has now come out that many low level bank employees are reliant on their bonuses in order to live, so is a blanket ban on bank bonuses the way forward?

Also, what are peoples thoughts on the news that one of the governments advisors sacked an employee in 2005 for predicting the impending bank crisis?

[RedSquirrel]

On one side, its the directors that made the decisions and created an environment where the wrong kind of behaviour (as we now understand it) is rewarded, so they should take a hit but continue to pay bonuses to those who work damm hard at whatever they do but have no say in decision making processes.

On the other side, if the government (us) didn't bail them out they wouldn't have a bonus or a job, so they shouldn't moan.

[curleyted]

I love how the banks are happy to take the bailout money but are delaying the drop in my variable rate mortgage!

[The SMG]

Originally Posted by curleyted

I love how the banks are happy to take the bailout money but are delaying the drop in my variable rate mortgage!

total sc@mbags in my opinion. I've lost A LOT of money on the markets over the past 12 months while Eric Daniels et al have pocketed a fortune. I'll be sticking to supermarkets from now on.....you never lose money on a decent supermarket investment

SMG

[curleyted]

And now they're collecting cushty pensions at just 50!!

[O.S.C.R.U.F.T.]

Originally Posted by curleyted

And now they're collecting cushty pensions at just 50!!

This morning a friend of mine said that if he was responsible for the downfall of RBS (which he isn't) he would feel slightly guilty drawing a pension of £650,000 a year. I don't think I agree with him though, as no matter what i had done wrong in my life, i know for a fact that £650k a year whould ease my guilt!

Also, what repercussions (if any) will their be for RBS after they reported a loss of £24bn? As a taxpayer, I own 40% of them and i demand something be done!

[The SMG]

Originally Posted by U.S.C.R.O.F.T.

This morning a friend of mine said that if he was responsible for the downfall of RBS (which he isn't) he would feel slightly guilty drawing a pension of £650,000 a year. I don't think I agree with him though, as no matter what i had done wrong in my life, i know for a fact that £650k a year whould ease my guilt!

Also, what repercussions (if any) will their be for RBS after they reported a loss of £24bn? As a taxpayer, I own 40% of them and i demand something be done!

"As a taxpayer" - don't make me laugh!

I bet you pay a lot less than average Mr Uscroft. What are you taking these days, 80% of your gross?

G

[O.S.C.R.U.F.T.]

Originally Posted by The SMG

"As a taxpayer" - don't make me laugh!

I bet you pay a lot less than average Mr Uscroft. What are you taking these days, 80% of your gross?

G

Mr SMG, I would view myself as a 'tax payer' regardless as to how much I am contributing to Mr Brown's coffers. Whether I take home 80% or 50% of my salary, I am still contributing the exact amount of tax that the HMRC dictate.

I begrudge all these people that view contractors as just trying to swindle the system. If there was anything untoward in the way in which I operate, do you not think that the HMRC would pick up on it? I have been a contractor for almost 20 years and in that time I have not had anything even close to an investigation.

As a contractor I am on a higher rate than I would be as a PAYE employee, and yes, my percentage take home is higher than that of a PAYE employee, but I am still paying a very similar level of tax (in £ value) than I would be if I was employed directly by an organisation.

As a contractor, my position is a lot less secure than a permanent employee, so is it not fair that I am financially compensated for taking this increased level of job risk?

I really wish people would stop criticising the way in wish contractors choose to operate, and pay more attention to their own employment.

U.S.C.R.O.F.T

[curleyted]

Lower level Lloyds staff are getting a bonus for their hardwork, fair play to them.

No-one would queries if an inefficient institutionalised civil servant gets a bonus so I have no issues with it!