I'm sharpening my pitchfork and getting the bombers from the loft...
He gets pais £1.2 salary by the way.
Cameron said that 'a seven figure sum would be disasteful' but I guess £40,000 less makes it more palatable.
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if you want to complain about RBS boss's £960,000 pay - here's his email!
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Posted 1 year ago #
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and he is personally shutting our local Nat west.
Posted 1 year ago # -
To be fair if he is only getting paid £1.2 as his salary then no wonder he wants a bonus.
Just need to make sure all these bonuses are paid out before we gain independance and we take the bank back with the shares starting to climb and get a nice windfall.
Thanks London.
Posted 1 year ago # -
The board decide his wage and bonus, not him. If you were in his position can you honestly say you'd refuse it?
Posted 1 year ago # -
The board decide his wage and bonus, not him.
And don't you think the government/taxpayer should have a say ? Since it's 82% owned by the taxpayer.
If you were in his position can you honestly say you'd refuse it?
Hardly the most compelling argument.
Posted 1 year ago # -
Think of the tax he pays on that .I dont blame him for one minute im jealous
Posted 1 year ago # -
If you pay peanuts, you get monkeys. I'm sure he's only getting a fair package compared to leaders of other similar size organisations, public or private. But its easy to rant if you are the STW mob...hey ho...
Posted 1 year ago # -
Think of the tax he pays on that .
And just think how much the taxpayer would receive if all of RBS's profit went back to the taxpayer. Over a quarter of RBS's pre-tax profit is used to pay bonuses.
Posted 1 year ago # -
And you think its a good use of his or RBS's time to have eejits emailing him. Grow up and let him get on with it.
Posted 1 year ago # -
That's not even his email address.....
Posted 1 year ago # -
An organisation much smaller than RBS will have a team dedicated to answering 'letters to the boss'. The whole "email Bill Gates / Richard Branson / etc" idea is very short-sighted.
Posted 1 year ago # -
There's something ironic that the likes of Paxo (£1.2m / year just on BBC income) and David Dumbledork (£2.35m) typically earn more than Stephen Hester, and unlike him are self employed rather than employees, and thus pay significantly less tax than him.
It's amazing that the public gets so worked up about a guy that's actually doing a pretty good job at sorting out someone else's mess along with managing tens of thousands of employees yet gets paid less than his peers or the part-time TV "stars" who grill him about his value whilst earning more, having less responsibility and paying less tax.
The way it's heading, he'll be quite within his rights to get shot of the public criticism, take up a better paying role elsewhere and leave us to marvel at the fact we've saved a few quid on his salary and bonus at the expense of losing the billions of public money we put in to prop RBS up.
Posted 1 year ago # -
So what is it Druidh?
Posted 1 year ago # -
Sign him up for Cat Facts
Posted 1 year ago # -
Farmer_john. At last, some sense talked.
Posted 1 year ago # -
If that's the going rate for someone with the skills to be in charge of a bank then what's wrong?
I wouldn't want to pay someone 50k and then the state owned company fails.
Posted 1 year ago # -
He's doing the job he's supposed to be doing, why should he not get the bonus he's supposed to get?
Posted 1 year ago # -
The treasury okayed it according to the news
Posted 1 year ago # -
.......at the expense of losing the billions of public money we put in to prop RBS up.
So if he goes, billions of public money will be lost ? Let's hope he doesn't get run over and killed while crossing the road tomorrow eh ? No doubt he gets accompanied everywhere by a team of fully equipped paramedics just in case of an emergency. Britain really would be up Shitcreek without a paddle if something were to happen to him. And all he asks in return is for lots of money. Bless him.
Posted 1 year ago # -
Well said Farmer John.
Posted 1 year ago # -
He's doing the job he's supposed to be doing, why should he not get the bonus he's supposed to get?
I guess they could quite equally look upon as a "penalty for failure" - do the job you're supposed to be you're doing and your pay will be X, but don't meet expectations your pay will be X less the "bonus"?Posted 1 year ago # -
allyharp - Member
don't meet expectations your pay will be X less the "bonus"?
At this level, and in that post, it's don't meet expectations and get unceremoniously and publically canned tbh. Though, I don't think there's any question that he's not meeting expectations.
Posted 1 year ago # -
FarmerJohn:
Posted 1 year ago # -
Dear grizzpup,
Thank you for your email. On reflection, you're absolutely right and it is an excessively large amount of money. I'll be taking whatever a branch manager gets paid and returning the rest to the company.
Best wishes,
S Hester
Posted 1 year ago # -
i worked for Stephen when he was at British Land - one of the most talented individuals I have met.
He is doing a great job at RBS and deserves to be awarded, shame the politicians wont realise it until he leaves. Politics of envy!
Posted 1 year ago # -
it is all tied in to how well the company done during his employment, rising share price etc = bigger bonus. was all made very clear when he took the job with not much hoo ha in the press at the time.
Posted 1 year ago # -
I can't see the problem. He can only be getting his bonus if he's met clearly defined goals
The person we should be having a pop at is the person who set the goal:
Could you manage to halve the share price of this huge taxpayer-owned bank in the space of 12 months?
Posted 1 year ago # -
opf course he deserves a reasonable salary. couple of hundred thousand sounds like a lot to me.
all teh nonsense about comparisons with other companies - its all about how much power you have to grab as much of the riches as you can.
UK companies pay to senior people has grown at an accelerating rate and far faster than inflation and far more thanother countries.
Its a disgrace that he gets 2 million a year - there simply is no possible justification for that at all.
teh answer to super high wages - super high taxes.
this is taxpayers money he is taking
Posted 1 year ago # -
TJ - what do you do and how much do you earn?
Posted 1 year ago # -
I am a nurse, I get £14 an hour.
No one is worth 2 million a year.
Posted 1 year ago # -
so, what if i said a nurse is not worth 14 per hour?
Posted 1 year ago # -
binners - Member
Exactly. Like any other employee, he will have a contract in which his employers have set out his remuneration.
I can't see the problem. He can only be getting his bonus if he's met clearly defined goalsThe person we should be having a pop at is the person who set the goal:
Imagine if he was a postal worker / teacher / tube driver and his employer told him he wasn't going to get what they'd agreed to pay him. All the lefties would be up in arms.
Posted 1 year ago # -
so, what if i said a nurse is not worth 14 per hour?
You'd be talking out of your arse.
Posted 1 year ago # -
Only this morning,I took a call from "RBS Mentoring Services", asking to speak to the myself.
Turns out they were offering exactly this!, MENTORING!
We have been a succesful business for 21 years who have had to put up with these retched bastards as as our bankers, inparticularly over the last 6 years.
I kindly told the young lad on the phone that I dont need to be mentored by a failed, bailed out firm that I actualy own! and then advised him I was too busy trying to cope with my 3rd RBS bank manager in 16 months and the fact our 3rd facflow manager in 12 months was leaving this Friday.
Posted 1 year ago # -
1/4 of the banks profits in bonuses. how is that justifiable? This money should be goin gto the taxpayers who own most of the bank
Posted 1 year ago #
Topic Closed
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