Originally posted by robbie274
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Bank bonuses
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And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014 -
If the person getting the bonus has generated good profits for the bank, yes.
If the person has apparently been responsible for pi55ing away billions of pounds, no.
And - while we are on the subject - paying bonuses to retain the 'top talent' at these establishments makes me laugh. If the buggers were any good the bank wouldn't be in a mess. Let 'em walk, I say.+50 Xeno Geek Points
Come back Toolpusher, scotspine, Voodooflux.Pogle
As for the rest of you - DILLIGAF
Purveyor of fine quality smut since 2005
CUK Olympic University Challenge Champions 2010/2012Comment
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Originally posted by snaw View PostThey don't necessarily have to leave. Some of the people we're talking about work absolutely insane hours, with the expectation they'll be rewarded with a decent (Dunno if anyone is expecting big this year - was out with a couple of guys I know in IB last night, and they reckon 60% of what they got last year would be better good).
If you don't reward them for the hours put in, they won't put them in with the obvious consequences for the bank in question.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Zero bonuses all around.
There simply are not alternative job options for most of the bankers to threaten leaving. Not in this climate.
Robert Peston believes RBS could pay out close to £1billion in bonuses.
I would rather save the £1b, let the greedy bankers that cry foul leave, and then go about rebuilding the banks balance sheets with people who WANT to be there and are not PURELY driven by money.
Argument of talent retention is a crock, complete bolloxComment
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Originally posted by Ruprect View PostSo the main argument for the bonuses is that they will retain the good staff, work the banks out of the hole they are in and then HMG can sell the shares later for a profit. If they don't then the good staff leave, the bank goes down the tubes and the taxpayer loses all that bailout money. Seems a little too simplistic to me.Older and ...well, just older!!Comment
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Originally posted by Zippy View PostIf the person getting the bonus has generated good profits for the bank, yes.
If the person has apparently been responsible for pi55ing away billions of pounds, no.
And - while we are on the subject - paying bonuses to retain the 'top talent' at these establishments makes me laugh. If the buggers were any good the bank wouldn't be in a mess. Let 'em walk, I say.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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The trouble is when you have 2 conflicting factors:
1. Making money for the bank
2. Inadvertently screwing up the econmony
Bonuses are rewarded for (1) and penalties are not applied for (2).
(having trouble typing today)I'm better than dirt. Well, most kinds of dirt, not that fancy store-bought dirt... I can't compete with that stuff.Comment
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Originally posted by Zippy View PostIf the person getting the bonus has generated good profits for the bank, yes.
If the person has apparently been responsible for pi55ing away billions of pounds, no.
And - while we are on the subject - paying bonuses to retain the 'top talent' at these establishments makes me laugh. If the buggers were any good the bank wouldn't be in a mess. Let 'em walk, I say.Just call me Matron - Too many handbagsComment
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Originally posted by Zippy View PostIf the person getting the bonus has generated good profits for the bank, yes.
If the person has apparently been responsible for pi55ing away billions of pounds, no.
And - while we are on the subject - paying bonuses to retain the 'top talent' at these establishments makes me laugh. If the buggers were any good the bank wouldn't be in a mess. Let 'em walk, I say.
They should all have been paid in bank stock : deferred for 5 years in case their "profits" were found to be bogus.Comment
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