Douggy B 0 Posted April 30, 2009 Share Posted April 30, 2009 Discretional Senior management bonuses have been shelved at mine. Staff band bonuses remain. Alot of bonuses are contractual and part of the staffs remuniration package but dont let the facts get in the way of a good rant. Surely you cant have forgotten the time when attracting and retaining staff was an issue? It wasnt that long ago. Link to comment Share on other sites More sharing options...
Park Life 71 Posted May 1, 2009 Author Share Posted May 1, 2009 Lloyds bank chief Eric Daniels given £3.8m to stay on Eric Daniels, chief executive of Lloyds Banking Group, was awarded shares worth £3.8m last year to prevent him leaving. The first annual report of Lloyds Banking Group, formed when Lloyds TSB acquired HBOS, also shows that the bank considered boosting potential bonus awards for Daniels and other executives following the deal, which doubled the size of the bank to give it one of the biggest balance sheets in the world. But the bank, which is 43% owned by the taxpayer, admitted yesterday that it had backed away from the idea and was instead almost halving the potential size of share awards for board directors. Daniels, who tripped up at a Treasury select committee meeting in February by saying he was on a "relatively modest salary" of £1m, waived his entitlement to a cash bonus in 2008 after the government injected a total £17.5bn into the enlarged bank. The American is still potentially able to receive about £5m in salary and bonus for 2009 if he hits all performance targets. The report shows he took home £1.1m last year, down from £2.8m in 2007, while his pension pot increased by £385,000. He and other executive directors will leave the final-salary scheme in 2012. The report shows that Mike Fairey, the deputy chief executive who retired in June before the HBOS deal, took a £6.9m cash payment out of his pension, some £4.5m of which was tax-free Link to comment Share on other sites More sharing options...
donaldstott 0 Posted May 1, 2009 Share Posted May 1, 2009 Surely you cant have forgotten the time when attracting and retaining staff was an issue? It wasnt that long ago. Fuck off man, there is no excuse for the size of bonus these cretins are getting. Every industry has issues with retaining staff, but they don't dish out millions doing it. The best staff will always be in demand and, if they are that way inclined, will follow the big bucks. It's a joke to suggest there was ever a problem attracting staff in to banking. Link to comment Share on other sites More sharing options...
Douggy B 0 Posted May 1, 2009 Share Posted May 1, 2009 Surely you cant have forgotten the time when attracting and retaining staff was an issue? It wasnt that long ago. F*ck off man, there is no excuse for the size of bonus these cretins are getting. Every industry has issues with retaining staff, but they don't dish out millions doing it. The best staff will always be in demand and, if they are that way inclined, will follow the big bucks. It's a joke to suggest there was ever a problem attracting staff in to banking. Banking pretty specialist really but there was a culture of headhunting the best from other banks, that why bonuses are what they are and most are contractual rather than discretionary. Link to comment Share on other sites More sharing options...
Meenzer 14166 Posted May 1, 2009 Share Posted May 1, 2009 (edited) I don't mind Vince Cable most of the time, but he isn't half riding his "I saw the crisis coming!" high horse into the ground, considering all he did was suggest that things might be looking a bit dodgy some 24 months after the first signs started emerging rather than, ooh, 36 months like most mainstream politicians... Getting it less wrong still isn't much to be proud of. Edited May 1, 2009 by Meenzer Link to comment Share on other sites More sharing options...
Fop 1 Posted May 6, 2009 Share Posted May 6, 2009 Bonus. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 6, 2009 Share Posted May 6, 2009 RBS deputy gets £500,000 pension Link to comment Share on other sites More sharing options...
Tom 13915 Posted May 19, 2009 Share Posted May 19, 2009 The BBC seems to be advocating the entire global recession is the fault of men Here & Here Well it's better than blaming Bowie on his own Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted May 19, 2009 Share Posted May 19, 2009 Taking financial advice of Icelandics? Link to comment Share on other sites More sharing options...
Happy Face 29 Posted May 19, 2009 Share Posted May 19, 2009 I'm with the Irish Times on this one... Working women almost certainly caused the credit crunch Link to comment Share on other sites More sharing options...
Tom 13915 Posted May 19, 2009 Share Posted May 19, 2009 This article appears in the print edition of the Irish Times Fuck me Link to comment Share on other sites More sharing options...
Fop 1 Posted May 19, 2009 Share Posted May 19, 2009 It's slightly bizarre. 1. Banker are on balance getting more bonuses now than they were before the credit crunch (lessons learnt ) 2. Women's pay difference is almost entirely down to them generally not acting like Alan B'Stard and very little to do with sexism at all. Link to comment Share on other sites More sharing options...
Matt 0 Posted May 19, 2009 Share Posted May 19, 2009 1. Banker are on balance getting more bonuses now than they were before the credit crunch (lessons learnt ) Pretty sure that's not the case. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 (edited) 1. Banker are on balance getting more bonuses now than they were before the credit crunch (lessons learnt ) Pretty sure that's not the case. You'd think so, but actually it is the case, Northern Rock are paying out more than 33% more now then before they were nationalised and most other banks are too. Don't blame Fop, blame the BBC. Edited May 20, 2009 by Fop Link to comment Share on other sites More sharing options...
Billy Whitehurst 795 Posted May 20, 2009 Share Posted May 20, 2009 Also fairly certain that this is not true. From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over). Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 Also fairly certain that this is not true. From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over). Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then. It was on the fucking news, they gave quite a few specific examples and said it was the case in general too, blame them. Like Fop said you'd think it wasn't true, but apparently it is, unless the BBC new was lying (personally Fop thinks Fop made the BBC news lie.... but then of course clearly Fop is lying so.... ) Link to comment Share on other sites More sharing options...
manc-mag 1 Posted May 20, 2009 Share Posted May 20, 2009 oh dear. Link to comment Share on other sites More sharing options...
Billy Whitehurst 795 Posted May 20, 2009 Share Posted May 20, 2009 Also fairly certain that this is not true. From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over). Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then. It was on the fucking news, they gave quite a few specific examples and said it was the case in general too, blame them. Like Fop said you'd think it wasn't true, but apparently it is, unless the BBC new was lying (personally Fop thinks Fop made the BBC news lie.... but then of course clearly Fop is lying so.... ) Look, I don't particularly want to argue with you so trawl through the December 2008 to February 2009 on www.hereisthecity.com, you'll see various financial press reports talking about 2008 compensation vs 2009 and you'll struggle to find anywhere where it went up. I'm just pointing you in the general direction of the reports to let you make your own mind up. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 oh dear. Indeed Sammy man man, indeed. It seems Fop is the only person on the whole of Toontastic that does in fact ever watch the news. Not surprising given the usual level of ignorance here (you lot all believe MPs don't get tax breaks and tax free perks other don't get after all ), but still. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 Also fairly certain that this is not true. From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over). Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then. It was on the fucking news, they gave quite a few specific examples and said it was the case in general too, blame them. Like Fop said you'd think it wasn't true, but apparently it is, unless the BBC new was lying (personally Fop thinks Fop made the BBC news lie.... but then of course clearly Fop is lying so.... ) Look, I don't particularly want to argue with you so trawl through the December 2008 to February 2009 on www.hereisthecity.com, you'll see various financial press reports talking about 2008 compensation vs 2009 and you'll struggle to find anywhere where it went up. I'm just pointing you in the general direction of the reports to let you make your own mind up. Like Fop said take it up with the media, Fop can't have been the only one here to have seen the new yesterday surely? Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted May 20, 2009 Share Posted May 20, 2009 Also fairly certain that this is not true. From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over). Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then. It was on the fucking news, they gave quite a few specific examples and said it was the case in general too, blame them. Like Fop said you'd think it wasn't true, but apparently it is, unless the BBC new was lying (personally Fop thinks Fop made the BBC news lie.... but then of course clearly Fop is lying so.... ) I dont think he was accusing you of lying, just imparting his point of view. Why you need to piss yourself laughing is beyond me. It is possible for the BBC reporter (as thats who you are agreeing with, not the institution) to be focussing on some true elements without the overall picture being reflected in the story. Link to comment Share on other sites More sharing options...
Guest alex Posted May 20, 2009 Share Posted May 20, 2009 Fop in meltdown again. Obviously jealous of the attention Danny was getting. *Insert whitty retort here btw* Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 Also fairly certain that this is not true. From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over). Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then. It was on the fucking news, they gave quite a few specific examples and said it was the case in general too, blame them. Like Fop said you'd think it wasn't true, but apparently it is, unless the BBC new was lying (personally Fop thinks Fop made the BBC news lie.... but then of course clearly Fop is lying so.... ) I dont think he was accusing you of lying, just imparting his point of view. Why you need to piss yourself laughing is beyond me. It is possible for the BBC reporter (as thats who you are agreeing with, not the institution) to be focussing on some true elements without the overall picture being reflected in the story. it was in the same report as looking at non-execs and their lack of teeth and their club few 100 issue. They then looked at current bonuses, NR bonuses had increase by more than 1/3 (could have even been +45%) since being nationalised, they named several other banks where there was also an increase (could have been Lloyds too, but ) and then said that contrary to popular believe there was no real mass slashing of the bonus culture and in fact general payments had still gone up since the beginning of the credit crunch. Now where this is true or not , but the media generally does at least vaguely research it's fact for reports like this. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 Fop in meltdown again. Obviously jealous of the attention Danny was getting. *Insert whitty retort here btw* Point scoring WUMery alex? Fop will be bolding whitty next. Link to comment Share on other sites More sharing options...
Fop 1 Posted May 20, 2009 Share Posted May 20, 2009 Fop in meltdown again. Obviously jealous of the attention Danny was getting. *Insert whitty retort here btw* Although in fairness without Danny many will be looking around desperately for their daily argument fix. (as this thread is beginning to show ) Link to comment Share on other sites More sharing options...
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