Richard Quinn
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| posted on 26/2/09 at 03:30 PM |
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quote:
Originally posted by Mr Whippy
I have no objection to someone being paid for doing a good job but they should not be rewarded for being a failure too.
He should be paid per year as any ‘chief-executive or directors’ pay or pension should be in direct proportion to the company’s profit margin for that
year.
I this instant he’s should be paying the bank back
Bonuses are normally the mechanism for rewarding success. This is a pension that is being
talked about (albeit a significant one). The comment above about execs & directors being paid in line with the performance of the company is a bit
drastic. I am a director and although my company is not doing that well financially I work hard to keep it all together and my staff are still
employed and get the same benefits as before and are all paid on time. Are you saying that, despite my hard work in achieving this, I should be paid
less as my company is not doing as well as it should?
...and when I make a complete success of it and retire, my pension payments should relate to the financial performance of the company when it is then
in the hands of another, possibly completely incompetent, individual??
Would you like a job here?
[Edited on 26/2/09 by Richard Quinn]
[Edited on 26/2/09 by Richard Quinn]
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MikeRJ
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| posted on 26/2/09 at 03:43 PM |
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quote:
Originally posted by Richard Quinn
...and when I make a complete success of it and retire, my pension payments should relate to the financial performance of the company when it is then
in the hands of another, possibly completely incompetent, individual??
Hang on, he retired just after it all went horribly wrong!
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spaximus
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| posted on 26/2/09 at 05:59 PM |
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This is all spin and bluster. When the goverment took over the bank it was due to the regulation system failing and allowing it to happen. It was
hardly surprising when the head of the regulators was one of those who set the banks on this path. The goverment knew exactly what they were doing
getting an early retire ment and paid him what was in his contract. Now after all this fuss, they announce it was worse than they knew off with record
losses and that the guy who is to blame has a big pension. So it throws the story from what a bunch of wankers we are for not doing this right, to
what agreedy bastard Fred Goodwin is. Us discussing his pension is exactly what they wanted. We should be discussing why the regulation failed, why
the goverment bought the bank not knowing the full picture and more importantly what are theydoing to get the economy going
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