F0ul Thoughts

Mild mannered on the outside, Free thinker on the inside

Bankers Bonuses – the reality vs political views

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Stephen Hester, chief executive of Royal Bank of Scotland, is to decline any bonus payment for 2009

Isn’t that great?

Actually, no, it isn’t.

The reality is that after making a £4 BN loss – there would be no bonus for him anyway!

He is just playing politics – denying the bonus will get him a headline, not getting a bonus won’t!

And you thought bankers were just misunderstood?


Written by f0ul

March 31, 2010 at 8:39 pm

Posted in economics, politics

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