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RBS Investment Bankers told: no money for Christmas parties or new Blackberries
vivatifosi
Posts: 18,746 Forumite
Worth reading whole article, including the public comments below it:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8828189/RBS-staff-told-to-pay-for-their-own-Christmas-party.html
Another day, another downgrade. Reduced to surviving on two pints of lager and pack of crisps at recent Christmas parties, misery was heaped on Royal Bank of Scotland's highly-paid investment bankers on Friday as they were told that they would have to fund this year's bash entirely out of their own pocket.
Famed in days of yore for their Champagne-soaked antics, staff in the lender's investment banking division were informed on Friday that even requests for banker must-haves such as BlackBerry mobile phones and free taxis before 10pm were all on the banned list....
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8828189/RBS-staff-told-to-pay-for-their-own-Christmas-party.html
Another day, another downgrade. Reduced to surviving on two pints of lager and pack of crisps at recent Christmas parties, misery was heaped on Royal Bank of Scotland's highly-paid investment bankers on Friday as they were told that they would have to fund this year's bash entirely out of their own pocket.
Famed in days of yore for their Champagne-soaked antics, staff in the lender's investment banking division were informed on Friday that even requests for banker must-haves such as BlackBerry mobile phones and free taxis before 10pm were all on the banned list....
Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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All very well but they are missing the point. The Christmas party/ blackberry's & taxis are just noise compared to excesses elsewhere.0
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All very well but they are missing the point. The Christmas party/ blackberry's & taxis are just noise compared to excesses elsewhere.
Of course its noise. But its fun noise:D.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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They'll be demanding iPhones now, blackberries are so last year.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Maybe this is recognition that as RBS is now largely publicly owned, the employees are effectively civil servants. Bring on the 2 year pay freeze."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0
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Pay freezes seem irrelevant compared to the bonuses!0
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They can't be doing that badly. Over 320 individuals at RBS were awarded bonuses in excess of £1m last time round. The bank needs to budget better if it's struggling now.0
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vivatifosi wrote: »BlackBerry mobile phones..... on the banned list...
I know we all love to banker bash, but this seems a bit absurd?
As a taxpayer, I'd prefer that the employees of RBS were working their backsides off 24/7 to recoup our investment, and technology such as blackberries are an essential part of that.
If it's phones for receptionists or something daft, I can see the point.
But anything which makes investment bankers less productive is beyond counterproductive and into the realms of farcical.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Aberdeenangarse wrote: »If there are any problems with the new iPhone, you can imagine what the headlines would be?
Apple and Blackberry crumble :rotfl:
Yawn. Just copy a tabloids headline from last week and palm it off as your own in a completely irrelevant article why don't you.0 -
Funny they are only just getting round to this???
Other more sucessful banks that didn't need Bailouts such as Barclays ditched paid for parties years ago. Why were the failures still doing so? Looks like enough heads didn't roll with Fred the Shread.0
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