Dutch bankers' bonuses axed by people power

[namealot]

shame it hasn't happened in the uk ....
Jan Hommen, ING's chief executive, was due to receive a £1m bonus – a pittance when you consider that Stephen Hester, head of state-controlled RBS in the UK, is in line for up to £7.7m, Bob Diamond of Barclays is to collect as much as £6.5m, and some senior bankers at Goldman Sachs and JP Morgan are looking at windfalls of about £40m each.


http://www.guardian.co.uk/business/2011/mar/27/dutch-bankers-bonuses-axed-by-people-power

 

[WigWam]

Bob Diamond of Barclays is to collect as much as £6.5m.
http://www.guardian.co.uk/business/2011/mar/27/dutch-bankers-bonuses-axed-by-people-power

I don't see any reason why he shouldn't earn that sort of a bonus, he saved the UK government an absolute fortune by not asking to be bailed out by us, and asking the saudies for a loan instead.

WigWam

 

[scooter]

Quote:
Now the Netherlands is going through a painful period of introspection and soul-searching. Politicians have voted to implement a 100% retrospective tax on all bonuses paid to executives at institutions that received state aid as a result of the financial crisis. In other words, no banker should get a bonus until the debt is cleared, and they should return payments made since 2008.

Superb. The way it should be. They should make this european union law. This way it will stop them whinging it is the "market price".

Make it Europe wide and if they don't like it... bye, bye, see ya.


....................

7.7m for Stephen Hester is obscene. It is a disgrace and a kick in the teeth for all of us. They really just don't give a shit.

Shame on our government to let this happen. That should be our money. It was our money that bailed them out.

I have been with the RBS for 29 years. I would gladly walk in and close down everything, including my mortgage if i knew a good 25% of its customers would do the same.




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[namealot]

I don't see any reason why he shouldn't earn that sort of a bonus, he saved the UK government an absolute fortune by not asking to be bailed out by us, and asking the saudies for a loan instead.

WigWam

Barclays interesting…. it was also bailed out $47.9 billion on Sept. 18, 2008. The saudies came after.... even with its 30 subsidiary companies in the Isle of Man, 38 in Jersey and 181 in the Cayman Islands, all famous for their generously low (as low as 0%) corporation tax rates.. most dustmen pay more tax than barclays lol.... It wouldn’t be here if the others had not been more recently bailed out Barclays benefited, along with all banks assisted by the stabilization of the financial system.

http://www.bloomberg.com/news/2010-...bank-of-the-world-after-ubs-barclays-aid.html

 

[WigWam]

Barclays interesting…. it was also bailed out $47.9 billion on Sept. 18, 2008. The saudies came after.... even with its 30 subsidiary companies in the Isle of Man, 38 in Jersey and 181 in the Cayman Islands, all famous for their generously low (as low as 0%) corporation tax rates.. most dustmen pay more tax than barclays lol.... It wouldn’t be here if the others had not been more recently bailed out Barclays benefited, along with all banks assisted by the stabilization of the financial system.

http://www.bloomberg.com/news/2010-...bank-of-the-world-after-ubs-barclays-aid.html

WigWam