New look at City bonuses

[AtW]

They love to perpetuate that argument, if I were a shareholder I would vote to call their bluff.

Thing is, what's the effing point to be shareholder in a business that pays 1 pence per share? Even at best of their times they paid 20 pence, which at the time was less than savings account yield ffs. The reason for that is that their staff costs are WAY too high in the first place, and this bonuses crap kills dividend.

Maybe it's the proper way to run business, if I was their shareholder I would certainly disagree.

[sasguru]

Thing is, what's the effing point to be shareholder in a business that pays 1 pence per share? .

You still don't get this free-market malarkey do you? No one is forced to be a shareholder in any business.

Now how much dividend is your company going to pay, or are you still running though your business angel's cash?

HTH

[DimPrawn]

Look idiot, they take most of profit in salary rather than dividends paid to people who actually OWN the company - 1 pence dividend with 14 pence (at least) bonuses, FFS!

Name me any other industry where such things happen? Shareholders would fire such directors and staff, and replace them with someone who can deliver at least 5%+ yield, but in any case NOT allow staff enjoy massive bonuses when owners of the company get bugger all!

Overpaid footballers analogy is irrelevant here because football clubs normally ain't expected to pay dividends.

Do banks need shareholders?

They just appear to make trillions from nowhere.

If the shareholders don't give them money, the government will.

They cannot lose!

[AtW]

Now how much dividend is your company going to pay, or are you still running though your business angel's cash?

I run a private company

[AtW]

Do banks need shareholders?

Yes, because they need semi-liquid market full of suckers to cash in their generous share bonuses.

[gingerjedi]

You still don't get this free-market malarkey do you? No one is forced to be a shareholder in any business.

HTH

So why does every man women and child own 80% of RBS? I'd have let the feckers go down in flames if I had a choice.

[AtW]

So why does every man women and child own 80% of RBS?

You are wrong. RBS owns them!

[gingerjedi]

You are wrong. RBS owns them!

pwned

[lukemg]

My Barclays shares are doing very nicely - thanks for asking.
The vast majority of shares don't distribute a decent dividend, can you think of any reason why they still attract investment ?
Is the system perfect ? - No of course not, there is waste everywhere including banks, you will find though that although there is an element of the bonus related to the overall bank results, most of it will be related to individual/team/department performance.
I thought we were talking about the valid business reasons for why the banks might pay bonuses, I didn't realise it was the usual failed socialist morality railing against percieved injustice.
Your country tried reducing everyone to the same level of reward - worked a treat as I recall.
It's the nasty capitalism that funds everything we take for granted and that you are hoping will provide you with a big pay-day, where do you imagine the finance will come from to do this ?
Clueless doesn't really do it justice...

[sasguru]

My Barclays shares are doing very nicely - thanks for asking.
The vast majority of shares don't distribute a decent dividend, can you think of any reason why they still attract investment ?
Is the system perfect ? - No of course not, there is waste everywhere including banks, you will find though that although there is an element of the bonus related to the overall bank results, most of it will be related to individual/team/department performance.
I thought we were talking about the valid business reasons for why the banks might pay bonuses, I didn't realise it was the usual failed socialist morality railing against percieved injustice.
Your country tried reducing everyone to the same level of reward - worked a treat as I recall.
It's the nasty capitalism that funds everything we take for granted and that you are hoping will provide you with a big pay-day, where do you imagine the finance will come from to do this ?
Clueless doesn't really do it justice...

WHS +++