The things that bug me!
Three things today have got up my goat, here they are in order of hearing them
Mr Hester about why bakers really do deserve their bonuses. When questioned he couldn't answer the question as to why someone paid over a million a year can't do his job properly without bonuses. It would be OK to pay someone a modest bonus for doing something exceptional but as a matter of course it seems to me wrong. Perhaps there should be a new system of pay for academics, every time a paper is published they get a bonus, or perhaps every time they give a lecture. Perhaps school teachers should get a bonus if they actually teach a class. not just going into school but spending time with 25 kids.
What is true is that for most people not doing their job properly means getting the sack doing their job properly means they are kept on. If these bankers and business men with their fat bonuses are so valuable why don't they let their workers decide on the bonus rather than their mates.
Mr Hester also said in the interview on Radio $ that he wasn't a banker before he took on the job, does that mean anyone could do the job, if you don't need to be a banker to run a bank then it is clearly an unskilled job. He also claims that you can't get top quality staff without paying bonuses, so presumably the heads of RBS were not getting bonuses before the crash!
My other thought on this topic was the purchase of ABN was one of the causes of their problems. RBS were in a bidding war with Barclays, it is not public how much Barclay's were willing to pay but if they had won the auction would Barclays now be owned by the taxpayer and "Sir" Fred Goodwin would still be "Sir" and an hero?
Leading on from bonuses to Harry Redknapp, how did the jury find him not guilty. It amazes me that he got a bonus for selling Peter Crouch, did the performance of the club improve as a result of that deal. Or, more likely, that knowing he would get a bonus for selling a player his own personal self-interest would come before the interests of the club. He also admitted he got the money and told a reporter that it was a bonus. He claims, presumably advised by a well-paid professional liar, called a barrister, to say he was lying to the reporter.
It is quite clear that you can't believe a word Harry Redknapp says, followed by his claim that is was all his accountants work and he didn't know what was going on. It would be fun to know what went on in the jury room, oh he such a character we can't find him guilty,
Then on to the third item which was all about phone hacking! All these people who just wanted justice done BUT have settled out of court so that NO criminal proceedings can take place. So the rich and powerful can avoid criminal proceedings by paying people off. The most shameful ones are the politicians, who seem to prefer to take money than see criminals prosecuted, doesn't this just make a mockery of their claim to be supporters of the law. So the shareholders of News International are a few hundred thousands worse off but I am sure it is all allowed as a business expense.
Mr Hester about why bakers really do deserve their bonuses. When questioned he couldn't answer the question as to why someone paid over a million a year can't do his job properly without bonuses. It would be OK to pay someone a modest bonus for doing something exceptional but as a matter of course it seems to me wrong. Perhaps there should be a new system of pay for academics, every time a paper is published they get a bonus, or perhaps every time they give a lecture. Perhaps school teachers should get a bonus if they actually teach a class. not just going into school but spending time with 25 kids.
What is true is that for most people not doing their job properly means getting the sack doing their job properly means they are kept on. If these bankers and business men with their fat bonuses are so valuable why don't they let their workers decide on the bonus rather than their mates.
Mr Hester also said in the interview on Radio $ that he wasn't a banker before he took on the job, does that mean anyone could do the job, if you don't need to be a banker to run a bank then it is clearly an unskilled job. He also claims that you can't get top quality staff without paying bonuses, so presumably the heads of RBS were not getting bonuses before the crash!
My other thought on this topic was the purchase of ABN was one of the causes of their problems. RBS were in a bidding war with Barclays, it is not public how much Barclay's were willing to pay but if they had won the auction would Barclays now be owned by the taxpayer and "Sir" Fred Goodwin would still be "Sir" and an hero?
Leading on from bonuses to Harry Redknapp, how did the jury find him not guilty. It amazes me that he got a bonus for selling Peter Crouch, did the performance of the club improve as a result of that deal. Or, more likely, that knowing he would get a bonus for selling a player his own personal self-interest would come before the interests of the club. He also admitted he got the money and told a reporter that it was a bonus. He claims, presumably advised by a well-paid professional liar, called a barrister, to say he was lying to the reporter.
It is quite clear that you can't believe a word Harry Redknapp says, followed by his claim that is was all his accountants work and he didn't know what was going on. It would be fun to know what went on in the jury room, oh he such a character we can't find him guilty,
Then on to the third item which was all about phone hacking! All these people who just wanted justice done BUT have settled out of court so that NO criminal proceedings can take place. So the rich and powerful can avoid criminal proceedings by paying people off. The most shameful ones are the politicians, who seem to prefer to take money than see criminals prosecuted, doesn't this just make a mockery of their claim to be supporters of the law. So the shareholders of News International are a few hundred thousands worse off but I am sure it is all allowed as a business expense.
Labels: life
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