Stephen Hester- the ultimate sacrifice! - Page 2

cashman · 28-01-2012, 21:28

Well i heard the government are at liberty to have renegotiated the contract.

Mancie · 28-01-2012, 21:33

Quote:

Originally Posted by accyman

as much as i hate to say this it aint camerons fault.

what milliband and his mates neglected to say when speaking about how awfull this was is that it was his lot that gave him the contract that allowed this bonus and it has to be honored.

Also its not as bad as it sounds because he isnt getting the money theres stipulations attatched and it s been paid in shares which he will only get if a certain target is reached sometime around 2014 or something

i forget the details i heard them in teh car on the radio but he isnt getting a huge cash bonus in his next pay packet

not saying its right what he is getting but its no where near as bad as its been hyped up to be and like i said if any blame is to be dealt it should be at labour for making such a stupid thing possible by contract

The claim made by Cameron that this bonus was in a binding contract has been shown to be lies... the contract states that Hester should be "considered" for a bonus by the board of RBS, then it had to be approved by ministers... the board of RBS submitted the bonus to the government and the government approved this bonus.

accyman · 28-01-2012, 21:36

Quote:

Originally Posted by Mancie

The claim made by Cameron that this bonus was in a binding contract has been shown to be lies... the contract states that Hester should be "considered" for a bonus by the board of RBS, then it had to be approved by ministers... the board of RBS submitted the bonus to the government and the government approved this bonus.

fair enough but at the time i heard it the news wasnt saying that

cashman · 28-01-2012, 21:39

Quote:

Originally Posted by Mancie

The claim made by Cameron that this bonus was in a binding contract has been shown to be lies... the contract states that Hester should be "considered" for a bonus by the board of RBS, then it had to be approved by ministers... the board of RBS submitted the bonus to the government and the government approved this bonus.

In a nutshell, I will stick to it,hes a lying Tory Pig.

Mancie · 28-01-2012, 21:53

Quote:

Originally Posted by accyman

fair enough but at the time i heard it the news wasnt saying that

The update is this:

"George Osborne has told the BBC that the government will not vote against Stephen Hester's bonus as a shareholder at the April AGM"

He said it would be an inappropriate use of the government's 82% shareholding, just as it would have been inappropriate to intervene in setting the size of his bonus in the first place.

cashman · 28-01-2012, 22:05

Another update, The Chairman of R.B.S. Sir Richard Hampton,has turned down a bonus of 1.4 millions worth of shares,saying it would be inappropriate, Funny how Cameron n Osbourne think these are ok.

Mancie · 28-01-2012, 22:24

Quote:

Originally Posted by cashman

Another update, The Chairman of R.B.S. Sir Richard Hampton,has turned down a bonus of 1.4 millions worth of shares,saying it would be inappropriate, Funny how Cameron n Osbourne think these are ok.

Strange thing is the government approved the bonus, but when the kak hits they try to wriggle out of it and say the Hester should decline the bonus they awarded him

.. why should the bloke decline nigh on a million quid?

Michael1954 · 28-01-2012, 23:23

Quote:

Originally Posted by Mancie

Strange thing is the government approved the bonus, but when the kak hits they try to wriggle out of it and say the Hester should decline the bonus they awarded him

.. why should the bloke decline nigh on a million quid?

I wouldn't say no to a million quid.

accyman · 29-01-2012, 01:06

Quote:

Originally Posted by Michael1954

I wouldn't say no to a million quid.

i would for 2 million quid

Jim Procter · 29-01-2012, 09:56

There should never be any need for a bonus.His salary should reflect his ability, and that should be all he gets.Thats all I ever got in my life. Why should he be any different?

jaysay · 29-01-2012, 10:23

Quote:

Originally Posted by Jim Procter

There should never be any need for a bonus.His salary should reflect his ability, and that should be all he gets.Thats all I ever got in my life. Why should he be any different?

Nothing wrong with bonuses Jim in the right context, as I said previously I sometimes earned more in bonus than in wages, but I was on a realistic wage to start with, when your salary is £1.2 million a year its a joke, anybody would think he's a footballer playing for United, now their wages are obscene aren't they Mancie

Boeing Guy · 29-01-2012, 12:11

After yesterday's display, I would say la creme are certainly worth it....

Michael1954 · 30-01-2012, 05:27

I bet he rejected the bonus through gritted teeth!

entwisi · 30-01-2012, 07:30

no one has actually worked out that by taking his bonus the gov gets ~ half of it in tax... if he refuses it then the money stays in the Bank funds and the taxpayer gets nowt.....

should he get paid a bonus? I'd say yes if he has met the targets that were set, should it be so much? probably not but at these levels numbers do become detached form real value that you and I talk about.

Margaret Pilkington · 30-01-2012, 07:40

He might have some shonky accountant for a friend, and evade as much tax as possible.
The large companies seem to get away with tax avoidance by legal loophole....which is just the same as tax evasion. It is high time thes e loopholes were closed.
I am not against people being paid extra for good work.....but why don't other people(your garage mechanic, butcher the till operator at Tesco) get the same perks when they have done a good job.
This man gets paid a damn fine salary.......more than us plebs earn in a lifetime.