Anti Fat Cat Bank CEOs? Let's go! & teach them a lesson!

Francis63

BarclaysManager wrote: »

Actually, we're not giving out cash bonuses for 2008 (Barclays). Incentives continue as normal (for those working in branches and so forth).

There is a natural cycle of boom and bust when it comes to the economy. It is as unavoidable as it is unfortunate, but what are these job losses you're referring to?

I'd also like you to elaborate - what exactly is this "immoral" behaviour?

You sound so pompous! You know exactly what I'm talking about and I'm not going to waste my time writing you an essay!
I'd like YOU to explain to ME why bank bosses are rewarding themselves (cash OR OTHER incentives) for failure, thank you!

opinions4u

brightonman123 wrote: »

howsaboutyour local credit/savings union?

(are these covered by the Bank of England guarantee, btw..?)

Credit unions are covered by the FSCS. I believe that more credit unions have been the subject of claims on the FSCS than banks.

Lokolo

Francis63 wrote: »

You sound so pompous! You know exactly what I'm talking about and I'm not going to waste my time writing you an essay!
I'd like YOU to explain to ME why bank bosses are rewarding themselves (cash OR OTHER incentives) for failure, thank you!

He just said, they aren't. :rolleyes: Those in branches are getting rewards. Most probably those who kept customers happy. I for one would like to give my local HSBC manager are pat on the back because the bank there is wonderful (ask Shelfstacker, he works nearby!)

SparciaM

I used to earn £1500 a month "incentive" when I worked at Barclays in their Consumer Finance Division in Manchester and that wasn't for keeping customers happy

shoe_girl_2

SparciaM wrote: »

I used to earn £1500 a month "incentive" when I worked at Barclays in their Consumer Finance Division in Manchester and that wasn't for keeping customers happy

Im moving to barclays fiddlesticks to......

is that sales, on the phones ect? (just being nosey)

ahai1

What did you do?

SparciaM wrote: »

I used to earn £1500 a month "incentive" when I worked at Barclays in their Consumer Finance Division in Manchester and that wasn't for keeping customers happy

Biggles

Why pick on banks? The bonus culture runs right through all industries - and that's not just in the UK but all over the world.

So, are you going to check the boss's salary before choosing which supermarket to shop at? Or which utility company? Why do you care?

If 'the boss' gives you a good deal (good rate of interest, good supermarket prices, good gas/electricity prices etc), then he's worth the extra they pay him in my book. It's my bottom line that counts, not his.

storminbalder

BarclaysManager wrote: »

There is a natural cycle of boom and bust when it comes to the economy. It is as unavoidable as it is unfortunate, but what are these job losses you're referring to?

I'd also like you to elaborate - what exactly is this "immoral" behaviour?

If you don't understand or know the answer to this question by now you are clearly beyond salvation.

I could explain. But can't be bothered.

Extant

storminbalder wrote: »

If you don't understand or know the answer to this question by now you are clearly beyond salvation.

I could explain. But can't be bothered.

Salvation? I'm sorry, I didn't realize I was in church.

I'm asking you to substantiate a claim you made. If you can't do that, don't make the claims, simple enough.

Francis63

Biggles wrote: »

Why pick on banks? The bonus culture runs right through all industries - and that's not just in the UK but all over the world.

So, are you going to check the boss's salary before choosing which supermarket to shop at? Or which utility company? Why do you care?

If 'the boss' gives you a good deal (good rate of interest, good supermarket prices, good gas/electricity prices etc), then he's worth the extra they pay him in my book. It's my bottom line that counts, not his.

Because I want to do something about it and changing bank accounts is a start. It doesn't follow that those who pay themselves the biggest bonus have the best customer service or the best rates. In fact it's more likely that the opposite is true. It's the share price they care about, NOT the customers.

The same does apply to other industries, banks are just my starting point and pretty topical.