howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
knee jerk politics applies after 2 years of a parliament, all that matters after that is getting elected or re-elected.
democracy ensures that, not a way to run a dance hall though.
Paul Watkins- Location: Dover
- Registered: 9 Nov 2011
- Posts: 2,226
The run on RBS shares today may just make the public reflect on the effect of trying to hound Hester.
It will be the pension funds that take the hit.
Very costly short term gain for the so called victors.
Watty
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Paul - you are spot on.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Never known him not to be Barry.
Roger
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 170....agree......the knee jerk cliches...envy,jealousy,hatred etc are over used to defend the defenseless.
Government action and leadership was required but yet again was lacking as in the case of Bombardier.
Government should have `interferred`as RBS is in public ownership in fact in the public sector where salaries and
bonuses are frozen.
Cameron always seeks headlines but missed out here because he knew the right wing and friends would not approve.
This is the first small taste of `fairness`...............the country needs more.This course of action must continue for the
many other elite greedy pigs still out there........not holding breath....but this time the public will not.....approve.
RBS shares............the public cannot be blamed for doing the job our government should be doing...........This is a
matter of public policy.
``Not a way to run a country``..............couldn`t run a dance hall.
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,895
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
It draws a range of false analogies Jan, fairly typical journalism.
Reg- your recipe would be for a continuing economic disaster for the whole economy, not surprising seeing your Labour affiliations and the way Labour in every single period of government have driven the economy into the ground.
Paul Watkins- Location: Dover
- Registered: 9 Nov 2011
- Posts: 2,226
Jan, shall we wait for tomorrows viewpoint on investor confidence.
I think this one has a long way to go before we know the long term effect.
Watty
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 186.......was an article from The Telegraph not the Daily Mirror or Mail.
# 187......typical answer when,as ever,..........trying to defend the defenseless.
A million British unemployed Youth and millions of European unemployed Youth ``have`` been driven into the ground.
The problem and level of inequality will not go away.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Paul Watkins, Sky News wrote an interesting article yesterday stating that it was the immense impact of the public opinion that forced the second in command at RBS to renounce the absurd bonus offers, including 12 million shares.
Public opinion is important, the fight for justice and equality must go on, at national and at local level. Once those in high start giving in, we People know that we can go further, and will keep hammering away, changing our society from an oligarchy and privilege-based system of elites into an open society where democracy and honesty prevail.
This must happen as much at DDC as in Parliament.
The more they look down on us, the more we'll challenge them, forcing them into a retreat, as they look around confused, until they accept that they are no different to us and are not entitled to make decisions against our common will, and are not at all entitled to absurd privileges.
The next campaign launched by the media is directed at the dishonesty of the FTSE 100 boardroom executives, and meanwhile the Public is demanding that ALL bankers in the UK renounce bonuses, now and forever.
These board executives have harvested every year tens of billions of pounds out of share-holding companies into their private pockets, they have ruined the economy.
Surely one day they must pay it back!
Where else do they want to reap unjust profits from? The vaster part of society is skint, and the economy is in ruins.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
roger;
keep the belief geezer
keep those blinkers on (post 184)
i realise he's unpopular but you dont have to always run to his defence
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
The problem with performance related bonuses are manifold.
First, measurability. This has to be totally robust.
Second, do the remuneration committee (usually made up of non-executive directors) really understand the dynamics of the business sufficiently to make the right decisions?
Thirdly - and this is the big one - is the upside commensurate with the potential downside? If a CEO can get £3m for great performance, fine, but if he screws up he should walk away with nothing. Otherwise - and I have been saying this for many years - the risk/reward relationship is skewed heavily against the shareholder.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Paul can defend himself, he doesn't need me to do so. He is only unpopular with people like you and Reg Keith.
God knows what state Dover District Council would be if your lot had stayed in power. Bad enough when you left it.
Roger
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
partly agree with you p;eter
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
What sticks in everyone's craw are the big golden goodbyes paid to people who have stuffed up. This is true both in the public and the private sector. I assume Keith, that that is where we agree.
Roger, we can't change the past. Labour may have failed in their mission but they were well-intentioned. And the Tories can't really claim to have overcome the officer-dominated culture in DDC yet.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Do you really think so Peter ?
I agree that not all depoartmenst at DDC are Member-led - but they should be.
Roger
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Yes they should be Roger. Right down to the stationery cupboard and the mail room.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
let me see,so what people are saying,if you cock up and run the company to the ground you get a bonus of thousands if not millions for doing so.wouldnt that money be better spent in building that company up rather than running it down.it seems crazy to me.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Not too sure about the stationery cupboard and mailroom, but certainly tourism should be.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
post 193 obvioiusly that's not the case a d you are finding you have to do so
peter;
yes we agree on two bits
1; the big pay outs and the shareholders losing out whilst a few gain
2; DDC even under the leadership of pw and roger and co still are officer led
ALL POSTS ARE MY OWN PERSONAL VIEWS