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rbs and natwest fined £2.8m for poor complaints handling
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(please keep in mind the vast majority of senior managers adhere to the primary business objective of wealth maximisation) to satisfy their primary duty to the shareholders of the Company.
hmmmm...
Yeah, you're RIGHT they have no choice!! it's their PRIMARY DUTY!! to the SHAREHOLDERS!! that the managers MUST consider. They need to maximise wealth because that's their DUTY!! Which (of course) can only be done with the BEST TALENT!!
Hey hang on...
The government owns 83% of the shares in RBS. So effectively 83% of the FINE is being paid by the tax payer.
Hey hang on...
The government own 83% of the shares in RBS. 83% of the BONUS is effectively being paid by the tax payer.0
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