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Originally Posted by Team Brian GB
I think you are doing Hester a big disservice here, RBS has nearly 150,000 employees, it has a balance sheet worth £1.5 trillion and it is in transition following a deeply flawed business plan, in a perilous time on the world stage economically. If you think that is a job that lots and lots of people are capable of handling then you ought to think again, this man is responsible for more money than the British economy turns over in a year
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He has done a fabulous job since coming out to talk about it I'll say that for him. Since publicly saying he nearly walked away from his job because of the bonuses, and for agreeing to waive his bonus he has given voice to the people behind the word.
Quote:
Originally Posted by Team Brian GB
Care to elaborate then?
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No way, too tired, not articulate or intelligent enough these days. To have this kind of argument you need to do it every day, all the time, and I haven't been for a long while.
But when you have a world-wide problem like the bonus culture, but you can't put a stop to it because of fear of them moving elsewhere (the CEO's, etc) then you have to deal with it on a globalscale. It's the exact same problem over and over again. The highly paid cannot be taxed more because they would simply move elsewhere, but no one is willing to put pressure on those other places to raise their tax levels. No one can limit bonuses because the heads of companies and "intelligent bankers" (for lack of a better term) will move elsewhere. So solve the problem elsewhere.