Guest sibon Posted March 3, 2012 Share Posted March 3, 2012 It certainly does but not usually mass defections. http://www.personneltoday.com/articles/2010/02/26/54428/rbs-top-staff-quit-in-their-thousands-with-more-set-to-leave.html But this is all old news. Two to three years old. If these folks make money in succesful organisations, then they deserve reward. We do fawn over them though. If they want to move let them. We should pay them as little as we can get away with and stop being scared of them. Link to comment Share on other sites More sharing options...
Dingus Posted March 3, 2012 Author Share Posted March 3, 2012 But this is all old news. Two to three years old. If these folks make money in succesful organisations, then they deserve reward. We do fawn over them though. If they want to move let them. We should pay them as little as we can get away with and stop being scared of them. That's as maybe but we have a bank owned by the Uk taxpayers losing money because it can't retain its' key staff because it isn't allowed to pay them what they can get elsewhere. I'm afraid that we have chucked the baby out with the bathwater and it wasn't just 2009. http://www.cityam.com/latest-news/rbs-staff-hit-shock-pay-freeze Recruiters say they expect many of the investment bank’s most talented staff to leave once the next batch of bonus stock vests – or pays out – later this year. “You’re going to see a mass-exodus of their best guys,” said one recruiter who headhunts bankers. Such an exodus would stoke fears that the management’s inability to run the bank on fully commercial terms is damaging its value, making it harder for taxpayers to get back their £45bn in bailout money. City A.M. recently revealed the depth of investor concern about political interference in the bank’s management: at least half of its top ten private shareholders have complained to UK Financial Investments, the government agency that manages taxpayers’ 83 per cent stake, about the growing political risks associated with owning its stock. end quote.. RBS couldn't employ Andrew Balls because there would be a political outcry about his salary. Link to comment Share on other sites More sharing options...
wellyman Posted March 3, 2012 Share Posted March 3, 2012 Bonus Balls.:hihi: Link to comment Share on other sites More sharing options...
Riannon Posted March 4, 2012 Share Posted March 4, 2012 As for Ed Balls grasp on Economics, a First in PPE from Oxford and a spell studying at Harvard, suggests that he's got a fair grasp of the subject. Then again, you never did check your facts very well, did you? That's what by-passing the state education system and attending a private school does for you. It worked for Blair too. Link to comment Share on other sites More sharing options...
Jim Graham Posted March 4, 2012 Share Posted March 4, 2012 But this is all old news. Two to three years old. If these folks make money in succesful organisations, then they deserve reward. We do fawn over them though. If they want to move let them. We should pay them as little as we can get away with and stop being scared of them. Sounds like a good policy for the public sector too. Link to comment Share on other sites More sharing options...
Jim Graham Posted March 4, 2012 Share Posted March 4, 2012 Can't disagree with you there! heaven help us if you were my pension fund manager with your grasp of economics (or reality) I'd be lucky to have two ha'ppennys to rub together, when I'm an old git! I thought you already were. Link to comment Share on other sites More sharing options...
Jim Graham Posted March 4, 2012 Share Posted March 4, 2012 You might be surprised to know that I agree entirely that any investment banker who makes money for his clients deserves rich rewards. It is a shame that the reverse never applies though. As for Ed Balls grasp on Economics, a First in PPE from Oxford and a spell studying at Harvard, suggests that he's got a fair grasp of the subject. Then again, you never did check your facts very well, did you? Another rich career politician and socialist hypocrite then. Just what Labour need to keep them in touch with their supporters. I based my comment on the fact that Balls is calling for a cut in VAT in the budget which will only help workers in China. If that's what he learned at Harvard God help Labour. And it's not doing Harvard's reputation much good either. Link to comment Share on other sites More sharing options...
green Posted March 4, 2012 Share Posted March 4, 2012 Another rich career politician and socialist hypocrite then. Just what Labour need to keep them in touch with their supporters. I based my comment on the fact that Balls is calling for a cut in VAT in the budget which will only help workers in China. If that's what he learned at Harvard God help Labour. And it's not doing Harvard's reputation much good either. Steve Hilton is on the way to Harvard now, teaching for a year on his sabbatical, maybe he will assist with their reputation. Link to comment Share on other sites More sharing options...
Alien52 Posted March 4, 2012 Share Posted March 4, 2012 Probably a good reason to put on a silly hat,buy a tent and sit outside a large building owned by the Church of England. Link to comment Share on other sites More sharing options...
wednesday1 Posted March 4, 2012 Share Posted March 4, 2012 I thought you already were. Early 40's, Grandad! Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.