Brown "very angry"

Discussion in 'Current Affairs, News and Analysis' started by in_the_cheapseats, Feb 9, 2009.

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  1. in_the_cheapseats

    in_the_cheapseats LE Moderator

    Watch out! Watch out! Old Hawk Eye, the man with his finger on the pulse of the nation is "very angry" about banks paying out bonuses
    See here

    The same story has been running for days but on it goes again and again and again.....

    except this time he is saying even if staff have a contractual right to be paid a bonus, they should forgo it. Would you if it made up 10% or more of your yearly salary and it wasn't your fault the Board had fcuked up?

    IMO, if Brown was to take an action and cap bonuses to a max of say £250k for the banks the UK PLC now owns (remembering the big bonus guys will be looking for 7 and 8 figure sums), he might get a bit of sympathy from this c/s.

    Simply saying he is very angry about it, makes him sound as if he is in need of some therapy and looking for a cuddle from mummy.

    FFS - be the PM. Direct.
  2. Grownup_Rafbrat

    Grownup_Rafbrat LE Book Reviewer Good Egg (charities)

    All very hypocritical since the Bankers he's appointed to lead his 'delaying tactic' review into the matter are all going to receive bonuses, and the amount of taxpayers' money that MPs help themselves to every week.

    'Pot, this is kettle, confirm colour please, over'
  3. Why is anybody surprised by what Gordy does or says?He wants to get his own house in order, starting with his Home Secretary, before he criticises others.
    That's not to say that some of these bonuses, if not all of them are absurd when you look at the state of the banks and how they still treat their customers.
  4. Bonuses and the choosing of senior management is the right of the shareholders.

    The main shareholder in the banks are the government.

    The taking of bonuses (deserved or not) is optional. The executives could choose not to take their bonuses -particularly if the main shareholder made it quite clear they would not get their jobs next year if they did take their bonuses
  5. Brown should be careful he doesn't get so angry he pisses himself. Again. Allegedly.
  6. Angry - oh that will mean another review
  7. Grownup_Rafbrat

    Grownup_Rafbrat LE Book Reviewer Good Egg (charities)

    Could I just point out something that's been annoying me here, please?

    The Banks with Customers, who do our current accounts, savings and mortgages, pay their frontline staff, who deal with some very horrible people (weeing in the banking hall, anyone?), less than £20,000 per year. Those people rarely if ever get bonuses any more. The few remaining backroom staff, although paid more if in specialist areas like IT, also rarely see a bonus nowadays. In the last fifteen years all that 'bonus' nonsense has been stripped out as costs have been cut, service has been slashed, and processing, telephone and IT have been given to outsource companies.

    The ones who've been getting the big bonuses are the Directors of Retail Banking and those working in the Capital or Merchant Type operations, merging companies, dreaming up new products where they can hide dud mortgages etc.

    Please don't confuse them with the bankers who deal with real Customers. If I hear one more journalist referring to 'Bank Managers' I'm going to scream. (a) Those roles disappeared from Retail Banking years ago and (b) No Capital or Merchant Banker will ever have been one.
  8. I think my MP, Gordon has cottoned on to the fact that not only is there probably little chance of winning the next election but that his own seat may well be at risk unless he can really sharpen up his image.

    Both the Lib Dems and the SNP believe that Kirkaldy is a potential natural for them particularly if they can put down his personal image at home.

    On this basis look out for more attemps to make him look almost human, and many more attempts by others to show him in his true light as a power hungry polititian who cares little for the common man as long as he keeps the keys to No 10.
  9. I bet the bankers are just quaking in their boots.

    Is he going to actually do anything about it, though? FFS, maybe getting a bit indescriminate about ending management-by-bonus and putting a stop to this piss-taking might just win him some slight kudos - maybe. But just saying, "Oooh, I'm really cross - livid, I am!" only makes him sound like Mrs Slocum from 'Are You Being Served?'

    (Yes, I'm aware that there's a 'pussy' joke in there somewhere but my mind's drawn a blank.)
  10. Biped

    Biped LE Book Reviewer


    Whenever I get a parking fine, I'm 'very angry' and I make my displeasure known. The parking attendants couldn't care less of course, but at least they know 'I'm very angry - so there'.

    It's just bluff and bullsh!t on the part of Broon. If he was actually that angry, and actually intended to do something about it, he could and he would.

    He's spinning like a top a la Mandelson, and intends to do absolutely nothing, and I don't doubt, has let it be known in banking circles that that is exactly the situation, so no need to worry.
  11. Just wait for the 90% bonus tax to be announced...
  12. I did love the fact that '2 Jags' chimed in on this subject over the weekend.

    What's wrong?

    Didn't he get all the directorships he thought he was entitled to when he quit?

    or more a case of don't do as I do, do as I tell you from Prezza?
  13. So the banks stop paying bonarrses. A good thing. Hurrah. A victory for fairness and hard working families.

    But wait: that means 41% of rather a lot ceases to chink into Treasury coffers in the form of Income Tax and about another 12% in the form of employers NIC fails to materialise. Oooo errrrr. What to do??

    I know: have a review that has such a long timescale to report that it can have no effect on 2009 nor most likley 2010 bonus numbers hence tax take. After that it will not be our problem.

    Fnar, fnar, they will never spot that one :roll:
  14. I'll huff and I'll puff and I'll......continue to prove myself an ineffectual pish stained fool who nobody pays a lot of attention to.

    I hope he is angry and remains angry, to the extent that he has a heart attack and dies - or starts gibbering and chewing the carpet until the men in white coats throw a net over him.
  15. elovabloke

    elovabloke LE Moderator

    The Government when negotiating the loan agreements with the Banks failed to insist on a no bonus arrangement with the banks.

    Darling admitted (in his roundabout way) this on the Andrew Mare programme when he suggested in future agreements they would definatley look at the bonus agreement issue. He insisted that those in areas within the bank who had significant success should still get their bonuses.

    Fine - give them their bonuses once they have paid back the money the we have given them.

    At the moment the Government does not have a leg to stand on. They new it was going to happen and never did anything during the initial loans.

    It appears that Barclay’s _ who did not receive any Government money are withholding bonuses for this year.