Author Topic: £2m could you really call this a bonus?  (Read 4241 times)

£2m could you really call this a bonus?
on: January 12, 2011, 21:17:24 PM
I read this and it confused me how they think they can get away with it really. Surely bonus's are paid on company/job role performance is that just me?

http://www.bbc.co.uk/news/business-12169238

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Re: £2m could you really call this a bonus?
Reply #1 on: January 12, 2011, 21:20:55 PM
They always just argue the bonuses are pre-arranged, etc. Of course he won't "turn it down again", he's stepping down because he's a sack of sh*t and wants to milk it. I hope the money makes him miserable somehow, what a turd.

Re: £2m could you really call this a bonus?
Reply #2 on: January 12, 2011, 22:20:09 PM
A lot of them earned it. Its not traders in the city who made the decision to lend money to those with poor credit ratings.
They should shut the f**k about it all because otherwise the country will lose a lot of the best traders - or worse companies upping sticks to Geneva,
taking the best with them & making the rest unemployed.

This country relies heavily on the financial banking since we no longer have a manufacturing industry.

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Re: £2m could you really call this a bonus?
Reply #3 on: January 12, 2011, 22:28:04 PM
I think believing that the man at the top doesn't know whats going on and can't see where things are headed is a bit naive, even if he was doing a good job how is a bonus like that still applicable in this climate?

Re: £2m could you really call this a bonus?
Reply #4 on: January 12, 2011, 22:55:55 PM
I dont understand the point of these bonuses, they are all on six and seven figure salarys anyway so why do they need more?

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Re: £2m could you really call this a bonus?
Reply #5 on: January 14, 2011, 00:19:14 AM
This thread makes me laugh.

Do you realise what proportion of the numbers these guys shift around £2m actually is?
"Within your 'purview'? Where do you think you are, some f**king regency costume drama? This is a government department, not some f**king Jane f**king Austen novel!"

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Re: £2m could you really call this a bonus?
Reply #6 on: January 14, 2011, 01:17:39 AM
I don't think that has any bearing on their value/worth in monetary terms for employment as much as I think footballers deserve 1/3rd of what they are paid, it's all a bit out of touch with normality.

It's money that could be better used elsewhere than lining an already rich man's pockets isn't it, but because its almost akin to a few clicks of a mouse for them to shift and play with hundreds of millions of day-to-day virtual money they see it as inconsequential.

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Re: £2m could you really call this a bonus?
Reply #7 on: January 14, 2011, 07:25:01 AM
Lotta folk missing the point; if these so-called 'high-earners' weren't paid the salaries and bonuses they do, they'd leave the country.  It's a vicious cycle but they simply have to pay the going global rate.  It's usually only the poor that whine about it; because they don't understand how capitalism works.

Anyway, what would a £2m do for the 'peeple'.  Divide £2m between 60 million people. That's 3p each by my Calc.exe

Re: £2m could you really call this a bonus?
Reply #8 on: January 14, 2011, 10:06:47 AM
The 2mill is just one mans bonus. The total bonus are more in the region of 5billion.

When most of the banks where saved from collapse by tax payers it completly takes the piss.

Re: £2m could you really call this a bonus?
Reply #9 on: January 14, 2011, 10:26:12 AM
The 2mill is just one mans bonus. The total bonus are more in the region of 5billion.

When most of the banks where saved from collapse by tax payers it completly takes the piss.

no it doesnt. The banks are propping up this country since the collapse of manufacturing.
Take away the banks & this country will be on awful mess. Its just an easy target for the
politicians to get easy votes by saying they'll do something. Most people are to dumb to understand
how the country operates, yet still allowed to vote. That £5billion in bonuses prob means they have
generated £100billion for the banks which in turns gives people jobs & runs the economy. The only
reason the banking system collapsed is because they (partly forced) let money to anyone for anything.
Look at the boom in house prices - it forced most people to borrow above their means. I bet theres a lot
of people on here who have mortgages 5x their salary - when the norm before the boom was 2.5x-3x


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Re: £2m could you really call this a bonus?
Reply #10 on: January 14, 2011, 10:34:03 AM
Lotta folk missing the point; if these so-called 'high-earners' weren't paid the salaries and bonuses they do, they'd leave the country.  It's a vicious cycle but they simply have to pay the going global rate.  It's usually only the poor that whine about it; because they don't understand how capitalism works.

Anyway, what would a £2m do for the 'peeple'.  Divide £2m between 60 million people. That's 3p each by my Calc.exe

I understand all that, it doesn't make it right though does it? They could instead offer to have the bonuses donated to charity, etc in light of our climate, but that's never going to happen; I'm fully aware I'm pissing into the wind on the subject.

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Re: £2m could you really call this a bonus?
Reply #11 on: January 14, 2011, 10:39:57 AM
It's usually only the poor that whine about it; because they don't understand how capitalism works.

i think its more that they don't like how capitalism works, not that they dont understand it.

for instance, why isn't there a cap on what corporations can earn? profits of 1bn+? fine, feed the excess back into the economy. pay for some street cleaners or some armour for our boys in iraq, or something.

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Re: £2m could you really call this a bonus?
Reply #12 on: January 14, 2011, 10:55:08 AM
Exactly.

Everyone is moaning about and having to make cuts, but bankers are exempt. We shouldn't be putting all our eggs into the baskets of a few banking institutions to keep the economy stable, isn't this why we are in this mess? What's the point having ministers of government to focus on managing the economy otherwise, we should be looking for other solutions. We're sinking and everyone is happy to shrug their shoulders and let them get on with it but it doesn't matter, we'll all be welcoming our new Chinese overlords in about a decade.

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Re: £2m could you really call this a bonus?
Reply #13 on: January 14, 2011, 12:32:46 PM
I didn't come here for a lecture on communism. [/fighting talk reference]
"Within your 'purview'? Where do you think you are, some f**king regency costume drama? This is a government department, not some f**king Jane f**king Austen novel!"

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Re: £2m could you really call this a bonus?
Reply #14 on: January 14, 2011, 16:29:36 PM
... but giving a bank's boss £2m wasn't the cause of the economy's downfall last time, was it?  It was reckless mis-management of loans.  Whinging about a banker's salary isn't going to chnage anything - people need to question and target the banks' policies and actions - not their pay. :)

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