im not into politics or owt, but if i was as a government official,n if i was to loan their bank millions of tax payers money that would possibly cripple the country, id insist on on the bank gaffas not getting any bonus or sacking them before i loaned em it. is that mad?
no pal it is comon sense.and your right about it could possibly cripple country, the goverment has pulled the plug or put on hold billions of pounds worth of construction jobs ie schools universitys etc due to lack o f funds
to be fair i reckon the minimum qualification for being a politition is to have no common sense what so ever!!! everyone can see what you said makes perfect sense and should be forced upon the bankers without any thought what so ever, gordon brown has only got one eye though,
Some questions though.. If you sack the current bosses who is going to run the banks and will they be any better than the people who are doing it now?</p> Politicians have been mentioned in the same way but we seem to forget that the politicians we will sack at the next election will be replaced by people whose heads we will be shouting for in a couple of years time.</p> I'm not trying to defend the bankers by the way it is an honest question. One way forward, which could also apply to politicians, is to introduce a register and a council to oversee the banking industry whereby all members of the profession pay a yearly registration fee to fund the council and the council protects the public by looking into matters of misconduct. Should any member fall foul of this then they can be hauled in front of the council, their registration removed and therefore not be able to practice in the industry in any role. It's what happens for nurses, doctors and other professionals and it does to some extent give the public some protection. Granted the occassional Allitt or Shipman turns up but those case, although tragic to a huge degree did not plunge the country or even the world into crisis the way our current set of politicians and bankers have done.</p> Finally, what is the collective noun for a group of bankers? - A wunch.</p> </p>
Bankers, more like fecking (wnkr) Those four tossbags who got hauled before the MP commitee this week made me feel sick. They sat there and thought a hollow apology was enough. The banking indusrty was full of greedy corrupt bell-ends who have now cost many people their jobs, homes, future. The recent news about the plans to pay bonuses to staff at a bank who was bailed out by tax-payers money is repugnant to many and the government has to stop it by whatever means it takes.
By all means no bonus to the top execs at the banks, but the normal staff who do a good job? Their bonuses are linked into personal performance reviews.
No bonus for any of them. Not because the rank and file workers were to blame but because the people who ran the industry have brought the country to it's knees through incompetence and greed. There are 1000's of people not getting a wage anymore never mind a bonus because of the banking industry so to see anybody within it getting a bonus at this point in time is very distasteful. I've no doubt that the workers do work very hard and had nothing to do with the collapses but they should not be getting a bonus paid when the very money that kept them in their jobs is tax-payers money. Not right and not fair to those who have lost their jobs and houses.
I'm pretty sure you'll find that the top brass's bonuses are calculated in the same way, they'll be linked to specific agreed targets and if they have achieved those specific targets they have a legally binding contract that entitles them to the bonus whether every other area of their job has gone tits up or not.</p> It's one of the problems of having target cultures like the one New Labour have championed for the last 12 years, the process is irrelevent, all that matters is that the box "target achieved" can be ticked. What happens is that easily measured targets recieve full attention whilst harder to measure ones are ignored. For example it's easy to measure whether a service operates on budget, not as easy to measure the quality that service provides therefore all effort is focused on making sure the budget is met even if that means sacrificing quality.</p>
If the company I was working for was 100% likely to be bankcrupt and go into liquidation and the government stepped in and safeguarded my job. I wouldn't even consider asking if I could still have my bonus or a pay rise or anything else. I'd consider myself infinitely more lucky then the rest of the population, that don't get such luxuries and assurances. How anything can be tied into a contract written before the business became basically broken is beyond belief and I would doubt that anyone would be successful in taking legal action bearing in mind the circumstances.
Why are bonuses suddenly an expected part of some peoples salary. And how do you decide which jobs should be given one?
