Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (Full Version)

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pahunkboy -> Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 11:37:32 AM)

Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't take pay cut By: malterwitty
Tags: GREAT BRITAIN The Royal Bank of Scotland has been criticised over plans to close all three of its charitable care homes – just months after its chief executive pocketed a £7.7 million pay package.



FullCircle -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 1:49:23 PM)

The reality of privatisation and a conservative government that pretends it cares.

There is no profit in looking after old people when their pension runs out.



popularDemand -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 1:52:37 PM)

I saw this news elsewhere.

and it is shaming.

pD



rockspider -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 2:12:53 PM)

My mom allways said: A good soceity is recognised by the way it looks after the ones who can't look after themself!!!



LadyConstanze -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 2:24:29 PM)


quote:

ORIGINAL: pahunkboy

Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't take pay cut By: malterwitty
Tags: GREAT BRITAIN The Royal Bank of Scotland has been criticised over plans to close all three of its charitable care homes – just months after its chief executive pocketed a £7.7 million pay package.


Would you take a pay cut? How much do you give to charity?

I'm not saying that what they do is right, but a bank is not a charity, they are there to make money and if they make a loss on something they will shut it down. That's not such a strange concept, is it?

Of course it is terrible for the people to lose their homes, just as terrible as it is for people to lose their homes and have their houses auctioned off because they can't afford the mortgage anymore, though I do wonder who of the people who are so outraged would actually dig into their own pockets and give up some of their profits (if they were share holders) or would actually make a donation to help the people to keep their homes? This whole "Oh this is an outrage, I have been outraged and now I am getting on with my life" stuff is changing exactly what?



popularDemand -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 2:30:55 PM)

quote:

ORIGINAL: LadyConstanze


quote:

ORIGINAL: pahunkboy

Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't take pay cut By: malterwitty
Tags: GREAT BRITAIN

    The Royal Bank of Scotland has been criticised over plans to close all three of its charitable care homes – just months after its chief executive pocketed a £7.7 million pay package.


    Would you take a pay cut? How much do you give to charity?

    I'm not saying that what they do is right, but a bank is not a charity, they are there to make money and if they make a loss on something they will shut it down. That's not such a strange concept, is it?

    Of course it is terrible for the people to lose their homes, just as terrible as it is for people to lose their homes and have their houses auctioned off because they can't afford the mortgage anymore, though I do wonder who of the people who are so outraged would actually dig into their own pockets and give up some of their profits (if they were share holders) or would actually make a donation to help the people to keep their homes? This whole "Oh this is an outrage, I have been outraged and now I am getting on with my life" stuff is changing exactly what?

    The country had to bail this bank out because of financial greedy, and the bank lacking any form of constraint on it's practice.
    I would take a paycut, technically I have over the last three years, and I'm at the 'coal face' as it were of supporting people who cannot support themselves.

    I hope this shit of a man, and all those like him rot in thier own personal hell, wherever and whatever that may be.
    pD



    LadyConstanze -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 2:47:11 PM)

    Oh please do tell me how much of a paycut you are willing to take to keep the home? How much of your interest (provided you have an account with RBS) are you willing to forgo to keep the people in their home? Or why do YOU personally see fit that another person should forgo his wages?

    What is your big outcry? A massive beating of your chest on the internet to show how morally superior you are as long as it doesn't cost you a red Penny?

    Personally I don't bank with the RBS, and yes, my taxes went into their funds as well, but I don't presume that I have any right to tell somebody to take less wages, they don't work for me. Do they work for you? Let me guess... Your big moral outrage here costs you exactly NOTHING, but I am sure there will be a charity who will try to keep the home for the old people, how much are you going to give them or do you rot?



    popularDemand -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 2:56:52 PM)

    yes, indeed.

    pD



    needlesandpins -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:01:25 PM)

    i completely agree.

    my house has just had its funds cut by 4% this year. next year it will have its funds cut by another 4%. that puts our house back to where it was at least two years ago and we were struggling then. wages have gone up very little but everything else has gone up tremendously and the fuel bills are set to rise by another 20%. baring in mind that we are a residential home for the elderly and our heating has to be at a constant temperature all year round. this means our heating is on all year round. our bills are horrendous. we are currently running at full capacity and struggling to stay open. yet the government are willing to pay nearly twice as much for a person to stay in their own home with alot less care. it's damn well nuts.

    then you have this arsehole who is effectively stealing every penny he gets at the moment. most of that 7mil is actually bonuses. a god damn bonus of 5 million i think it was. it's obscene that he gets paid that much when he virtually drove the bank into the ground to start with because he's shit at his job. now he's had his arse kicked and he decides to do his job and still take money he doesn't deserve.

    i'm not sure of all the facts of those care homes, but it's sick that he gets so much and could save them and still get more than he deserves.

    he needs a kick in the cunt!



    needlesandpins -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:08:00 PM)

    quote:

    ORIGINAL: LadyConstanze

    Oh please do tell me how much of a paycut you are willing to take to keep the home? How much of your interest (provided you have an account with RBS) are you willing to forgo to keep the people in their home? Or why do YOU personally see fit that another person should forgo his wages?

    What is your big outcry? A massive beating of your chest on the internet to show how morally superior you are as long as it doesn't cost you a red Penny?

    Personally I don't bank with the RBS, and yes, my taxes went into their funds as well, but I don't presume that I have any right to tell somebody to take less wages, they don't work for me. Do they work for you? Let me guess... Your big moral outrage here costs you exactly NOTHING, but I am sure there will be a charity who will try to keep the home for the old people, how much are you going to give them or do you rot?


    i get paid minimum wage to have the lives of twenty three people's lives in my hands when i'm acting senior on shift. i think i already pay enough. we have to raise funds for our residents to have any activities. our residents haven't been on a trip out in over a year because the house can't afford it because our funding has been cut and fund raising isn't enough to cover it. i pay my hard earn wages into our funds by providing gifts for raffles or tombolas. i then pay for tickets to possibly win back/ornot things i have donated.

    we all pay that lowlife's wages and it is sick how much he is paid while others may lose their home because he's a selfish arse. he doesn't need all that money.

    eta, i don't ever get offered a bonus for doing my job right. in fact it's actually illegal for us to do so.

    needles



    popularDemand -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:21:15 PM)

    thirty five percent over three years cut here because the country is paying for bankers fuckups.

    the joy.

    pD



    FullCircle -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:33:30 PM)

    In fairness the banking bailout isn't a great proportion of the deficit. It's just the conservatives felt like you needed all the pain on day one and wanted to get away from the public sector generating growth. Soon they'll be realising that the only difference between paying public sector workers or paying those to claim benefits is that the first option is more constructive and can in itself generate growth in the private sector if for example the remit is to regenerate an area (such as the LDA).



    Politesub53 -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:38:38 PM)

    Much incorrect information on this thread. Hester wasnt at RBS before the banking crisis, so he wasnt respnsible for the screw up. He didnt take his bonus in 2009 because of the trouble the bank was in. the sub beng talked about is payable over three years, and only then IF he meets his set targets. If you all want a scapegaot then blame Fred Goodwin.



    popularDemand -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:45:01 PM)

    the banking sector is the scapegoat.
    The profit motive is the killer.
    The conservatives are just ... well... words can barely express.

    pD



    needlesandpins -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 3:45:28 PM)

    well i did say i only thought my facts were right. although i could be thinking of another bank, there have been so many needing bailing out over the last couple of years.

    one fact for sure, it's still too much money. even over three years. he's not worth that amount of money. the money is ours, the tax payers. i don't see us being asked if the rediculous bonus' are ok. they get paid a wage and that should be it. the same as i get paid a wage and that is it. i'd rather those care homes stay open and the leaches shrivel.

    needles



    Termyn8or -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 4:41:12 PM)

    FR

    This is not a hijack because the thread is already headed in this direction - how much is enough ?

    Really, if there is an amount of money that is obscene, how much is it ? Alot of people will say that there should be extremely regressive (wrong word, but that's how they use it) taxes on income above a certain level. Almost everyone would agree that the rich should pay more taxes, but where do we draw the line ?

    That's the problem. Notwithstanding the fact that most of these suits aren't really worth shit, and/or that these companies need bailouts because either A, they are incompetent or B, they steal too much, take that out of the picture for now. Talk about the money.

    Where would I set, say a 70% tax rate for example ? Of course at a few thousand bucks more than I make. In the US you get a personal deduction, more if you have dependents. Where would I set the personal deduction ? At just about whatever I made that year of course.

    So they have to save a couple million so they close some charitable extensions of a business, meantime the boss makes over twice that amount. Well character is of course crystal clear here. He's not Jesus to say the least.

    It's damn hard to tax competence or the lack thereof. All that can be taxed is money.

    Should a steep rise in the tax rate occur when the amount exceeds so many times the minimum wage ? The prevailing average wage in the area ? over so many hundreds of times what the lowest paid employee makes at the same place ? Even that doesn't work. It might not seem like it, but some people at the top are responsible for the success of a venture, others not so much.

    So what is obscene ? How much is too much ?

    T^T



    pahunkboy -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/19/2011 4:45:43 PM)

    CEO pay of over a million $ can surely take a pay cut......    We could outsource his job for 18 cents an hour-  and we should.



    needlesandpins -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/20/2011 1:34:13 AM)

    Termy,

    what is obscene about it is this; we, the public, now 'own' that bank. the bankers took huge stupid risks with money that isn't theirs so we had to bail them out. they use some of that money to take huge bonus' just for doing their bloody job. no bonus should be paid to any of them. that money is ours and should be paid back. this country is in financial trouble coz our stupid government is giving money away left right and fucking centre. while doing so our own people are suffering. now it's cool that a bank is a business and has to make money. it's cool that people get paid a wage and it's cool that the shareholders get paid a cut. what isn't cool is that this guy gets to walk away scott free when he's done. when i am acting senior in my job i'm directly responsible for 23 people's lives. if i fuck that up i can go to jail. he is indirectly responsible for the people who's money he messes about with. so say this guy fucks up like the last one did (or is part of the team that did) what's the worst that happens......he loses his job. but this guy is now set for life having been paid an extorsionate amount of money.....OUR money. he gets to go home and those people who's money he loses are the ones who suffer.

    now, looking at the care homes. one of those residents is 105yrs old. i'm guessing alot of people have never worked with the elderly so i'll tell you this; moving them is not as easy as just shoving them elsewhere. alot of the elderly actually die when they are moved from their nursing care. he is actually playing with people's lives. they get to lose their home so he can keep his stupidly high pay packet. this has nothing to do with taxes, it has nothing to do with saving 1.3million. it has everything to do with profit. i'd far rather see him forced to take that pay cut and the homes stay open and those people keep their homes. but this will be about what the buildings are worth, and what the land they are sat on is worth too. if these homes are being run as a charity then the bank should have no right to mess about with it without public concent. afterall, the public own the bank, thus also the charity homes.

    what if it were your family member at risk? the man is a twat.

    needles



    pahunkboy -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/20/2011 6:22:45 AM)

    Good post  Needles.  ^



    Politesub53 -> RE: Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't t (6/20/2011 11:09:40 AM)

    quote:

    ORIGINAL: popularDemand

    the banking sector is the scapegoat.
    The profit motive is the killer.
    The conservatives are just ... well... words can barely express.

    pD


    How can Hester be a scapegoat for the crash, something that took place BEFORE he arrived at RBS ?

    This is just the usual crap about the Conservatives. Were you all asleep under New Labour ? Did you not notice Brown and Blair privatising more jobs than Thatcher ? Did you not see the news about Browns PPI`s ?

    Im not trying to stop you knocking the Conservatives, just pointing out Labour are no better. They need to stop blaming the Conservatives for the mess they left, and take a long inward look at themselves.



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