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Anorak | What a farrago of ignorant stupidity over Stephen Hester’s damn bonus – Miliband’s an idiot

What a farrago of ignorant stupidity over Stephen Hester’s damn bonus – Miliband’s an idiot

by | 30th, January 2012

Royal Bank of Scotland chief executive Stephen Heston will nto accept his million pound share bonus.

IT was only a couple of years ago you know, that there was a great outcry about bankers getting huge cash bonuses. The analysis was that if they just got paid out in cash then they wouldn’t be tied to the organisation. Instead the bonuses should be paid in shares that could not be sold for a few years: that would tie everyone in to the long term interests of the company. No doing a deal that makes a good bonus this year but then bankrupts the bank next.

This year we’ve got a banker being paid a bonus entirely in shares. Shares that he cannot sell for several years. Shares that tie him in to the long term prospects of the company, make sure he won’t be tempted to do something stupid for the short term.

The reaction from the adenoidal Miliband that runs the Labour Party? The Adenoid who sat in the Cabinet that approved the damn contract for Stephen Hester in the first place?

No he whines, people shouldn’t be motivated to try and make back the billions

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Posted: 30th, January 2012 | In: Money Comments (10) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink