We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Poor Hester...
Comments
-
Thrugelmir wrote: »Yes and no. People at the top are a reflection of society. Some good some bad.
No one complained about Diamond while Barclays was producing the profits. Now the veneer is peeling back. Seems as if Barclays adopted a very hard nosed New York style of management. Not remotely British in style.
British management on the whole is valued and respected worldwide.
I have a couple of close friends in senior positions there and the culture changed very much when Diamond was in the ascendency with Capital in NY even before he took over."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
If someone wanted to pay me £2,000,000 or whatever a year for doing my job I'd take it whether deserved or not.
There is no such thing as fair.0 -
Pay him 10m a year but only in shares of RBS. He can cash them out just after government gets its 560p back, price now is 350p.
Get working Hester
If Goodwin had been forced to do similar. After his performance, his pay would be 20k a year including that pension not the 500k he got for his wrecking ball antics0 -
If someone wanted to pay me £2,000,000 or whatever a year for doing my job I'd take it whether deserved or not.
There is no such thing as fair.
Yet after the ruling yesterday. Appears that people expect to be paid merely for turning up.
Be interesting to know who funded the appeal.0 -
This makes me laugh.
I would guess the majority of people posting that he's a 'typical lying banker' have no clue as to when he was appointed, the upward challenge he's been faced with and what's been achieved since 2008.
Unless you have an in depth knowledge of RBS, comments like the above are unfounded and these opinions are those of sheep going along with the media... who we all know are fountains of knowledge and truth!
Not saying i agree with his remuneration package just to make the point. 0 -
grizzly1911 wrote: »I have a couple of close friends in senior positions there and the culture changed very much when Diamond was in the ascendency with Capital in NY even before he took over.
A few years back I worked for a UK Company with an American parent. The ultimate holding company was German.
So there were strains to say the least ! The German board decided to appoint an Australian whizz kid as CEO of the US operation. Went down like a lead balloon with the mainly mormom management.
(Mormons are very brotherly and insular so tend to appoint fellow believers normally).0 -
This makes me laugh.
I would guess the majority of people posting that he's a 'typical lying banker' have no clue as to when he was appointed, the upward challenge he's been faced with and what's been achieved since 2008.
Unless you have an in depth knowledge of RBS, comments like the above are unfounded and these opinions are those of sheep going along with the media... who we all know are fountains of knowledge and truth!
Not saying i agree with his remuneration package just to make the point.
To be fair, I stated what I suggested he was a lying banker.
The reason being he said he would forgo his bonus over the computer failures. (whether this was right or wrong, I'm not going to judge...but it was he himself who decided to state it) I guess this was an attempt to appease the people at the time and try and dampen down some of the flack he was getting.
He hasn't stuck to that.
Therefore, he is a liar. He's also a banker. Therefore, he's another lying banker!0 -
Graham_Devon wrote: »Therefore, he is a liar. He's also a banker. Therefore, he's another lying banker!
Judgemental or what. :eek:Mr Hester said today that the problems were caused by issues dating back to before he arrived at RBS in 2008, but taking a bonus would be "inappropriate".
He told the BBC: "I think it is inappropriate for me to have a bonus this year. We have let our customers down.
"That may have arisen from old systems and things that were from before my time, but I think we could reasonably have been expected to have improved things since then and clearly we didn't improve them enough.
"So it wouldn't cross my mind to have a bonus this year."
A spokeswoman for RBS Group said there was no figure for the bonus Mr Hester would have received, as it was more a case of him not being considered for one.
http://www.huffingtonpost.co.uk/2012/06/29/rbs-chief-stephen-hester-waives-bonus-natwest-glitch_n_1636987.html0 -
Just saying what I read :undecided(Reuters) - Part-nationalised Royal Bank of Scotland confirmed (RBS.L) Chief Executive Stephen Hester will waive his bonus this year following the computer systems failure which caused disruption to millions of its customers.
"I think it's inappropriate for me to have a bonus this year. We have let our customers down," Hester said in an interview with the BBC on Friday.0 -
Graham_Devon wrote: »Just saying what I read :undecided
Keeps banks in the news. Yet things are quietly changing. Will take years to rebuild trust.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards