Quote:
Originally Posted by entwisi
Mmm, Robert Preston the man who was dragged in front of the goverment charged with creating a lot of problems like Northern Rock. It was his comments that undermined the bank which triggered the mass stampede by people to get their money out causing a total run on the Bank which has in the end cost each of you(and me!) money. He also was chief protaganist in the downfall of RBS which has again cost you (and me) money. should he have kept quiet and allowed time for proper restructuring and financing to take place? IMHO yes. There are lots of times when we the general public aren't told the full story for reasons of our own benefit. Was this one, probably but we will never know now will we.
So Barclays chose to do something differently and raised capital privately just like any 'normal' business would do when prompted with difficult trading times. They went against what some people wanted and that didn't impress them. boo hoo. Would I rather my employers be in charge of the business(with an agreed private finance agreement allowing them to be flexible) or UK Gov have their sticky paws on it. I think you can probably guess.
One big point of the bonuses structure. Whilst the headline figures for what is called fat cats are huge they are a structured salary payments based purely on performance. how do I feel about them being paid big money? if it makes my employer successful by attracting teh very TOP people and keeps me in work then I'm all for it!
I completely agree with not paying for poor performance however I see no reason to not reward 'exceptional' performance. I also don't see an issue with paying bonuses to us rank and file people who have contributed to the day to day running of this successful ship. There is SUCH a huge range of skills and people involved in running a Bank and we all play an equally important position in those headline numbers.
I'm still proud Cashy, I choose to read both sides of a tale!!!  |
i also like to hear both sides of a tale, then separating the fact from the fiction,comes into play, until that can be done i choose to trust no side.