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Discussion Starter #3
That relaxing trip across the channel has made you
very verbose Monsieur G. ;)
 

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BBC NEWS | Business | RBS boss set for £9.6m pay deal


Good to see after all the excesses of Banker pay
RBS are now leading the way in curbing this. :thumbs:
Just what I was thinking Nev.:mad:
So it is "performance related", and I suppose if he gets the taxpayer their money back, then he will be able to take a large slice of it.:confused:
They asked the board and shareholders if it was OK, but they forgot to ask the rest of us.
No surprise there then.:rolleyes:
 
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Discussion Starter #8 (Edited)
Just what I was thinking Nev.:mad:
So it is "performance related", and I suppose if he gets the taxpayer their money back, then he will be able to take a large slice of it.:confused:
They asked the board and shareholders if it was OK, but they forgot to ask the rest of us.
No surprise there then.:rolleyes:
For "Performance Related" read "Stock Price"

So if he can boost the short term stock price, he wins.
Now, whether that is good for the company in the long
term depends on exactly what stunts he pulls to achieve
it.




Well there are no examples of execs engineering those kind
of short term stock increases and then fulling their boots
before everything goes ****-up, are there. :rolleyes:



Just another example of asinine short-termism linked to
high-end greed. Plus ça change.
 

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It beggars belief.:rolleyes:

Half that would still be too much IMO.

Still, if he achieves the target price (too low at 70p/share surely?) the country makes an £8bn profit for the government to squander.
 
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Discussion Starter #11
Clearly if Hester can pull this off he'll deserve a pat on the back - I've no problem with the money involved and wish him al the best.

RSK
But is a short term boost in stock price solving anything.
Well, apart from paying back the tax payer.

Nothings changed so it'll have to be done again in another
5, 10, 15 years?

As I said, relating payouts to stock price does not make for
good management decisions. It just makes it a large scale
and more elaborate pump 'n' dump scheme.
 
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