Another greedy banker on the gravy train.

[Bigthumb]

I've just read that Hazel Blears, who stood down as an MP a few days ago is to become a director of the Co-op Bank.

Her salary is said to be £60,000 for which "Ms Blears will be expected to work a minimum of one to two days a month".

[Danny_Boy]

£60k isn't a big salary for a director of a large financial institution. But working 2/3 days a month, well that'd be nice wouldn't it.

[the_bloke]

Hazel 'Champagne Socialist and Expenses Scandal' Blears in paid-for-not-doing-much shocker.

[ECCOnoob]

I've just read that Hazel Blears, who stood down as an MP a few days ago is to become a director of the Co-op Bank.

Her salary is said to be £60,000 for which "Ms Blears will be expected to work a minimum of one to two days a month".

 

Ok, lets put a little context to your post.

 

Firstly, £60,000 may well be a lot of money to us, but for company directors are board members in the big wide world, its a snip. Most Executive Board Members are on millions a year. Take a look at what most executive directors are on and that really would make your eyes water. Barclays Banker Bob earned 18.1 million recently, even concession for working full time, it still puts Hazel's part time salary as pocket change in fact 19x her amount if he choose to work the same amount of days.

 

Secondly, the members voted for her and they would have been in agreement to her salary.

 

Thirdly, its a private company funded by shareholders. Its no longer the wonderful membership union utopia it once was. In the big bad commercial world they pay market rate for who they want.

 

If they want some useless ex labour party chump on their board to allegedly "...hold the chief executive and higher management of the group to account..." they are free to do so.

 

Where is the "gravy train" here.

Edited May 20, 2015 by ECCOnoob

[The Joker]

If they want some useless ex labour party chump on their board to allegedly "...hold the chief executive and higher management of the group to account..." they are free to do so.

 

I'd only charge £59,999.99 a year

[Bigthumb]

£60k isn't a big salary for a director of a large financial institution. But working 2/3 days a month, well that'd be nice wouldn't it.

 

I should imagine working 1 or 2 would be even nicer. Just what qualifications do you need to be nominated to be director of a bank that sponsors rather a lot of MPs?

[the_bloke]

I should imagine working 1 or 2 would be even nicer. Just what qualifications do you need to be nominated to be director of a bank that sponsors rather a lot of MPs?

 

A drug habit and skills with fiddling expenses and cooking the books?

 

http://en.wikipedia.org/wiki/Paul_Flowers_%28banker%29

[SteveJ68]

What do the forums banking experts think about this?

http://www.theguardian.com/business/2015/may/20/banks-hit-by-record-57bn-fine-for-rigging-forex-markets

[I1L2T3]

I'd only charge £59,999.99 a year

 

Let's jobshare on a day each for £30k a year

 

Seriously though, we're probably as well qualified as Blears.

 

---------- Post added 20-05-2015 at 22:25 ----------

 

What do the forums banking experts think about this?

http://www.theguardian.com/business/2015/may/20/banks-hit-by-record-57bn-fine-for-rigging-forex-markets

 

Quite incredible really. Brazen.

[Mister M]

Hazel 'Champagne Socialist and Expenses Scandal' Blears in paid-for-not-doing-much shocker.

 

I'd hardly call Hazel Blears a champagne socialist - she never tired of telling people that her brother is a bus driver, as if somehow that bolstered her credibility.

I'll never forget hearing her hard line approach to 'welfare scroungers' while she brazenly claimed maximum expenses, 'flipped' her home 3 times in one year, then when found out, then waved the cheque she wrote to pay back the money on television. http://www.leftfutures.org/2014/02/a-dishonourable-discharge-for-hazel-blears/