Lloyds Boss

[MMUK]

http://www.bbc.co.uk/news/business-26167619

Anyone else think he's taking the Gypsy Lee? :evil:

 

[marcros]

"Lloyds Bank also reported a pre-tax profit of £415m for the first time since its £20.5bn bailout.

Lloyds made a loss of of £606m in 2012.

In all, 78% of the bonus pool is in the form of shares. Mr Horta-Osorio's shares cannot be cashed in until 2019."

Should he not be rewarded for good work?

 

[MMUK]

I'm not saying that. However, the priority should be to pay back the bail out before ANYONE gets bonuses. How can anyone justify a bonus when the company is billions in debt?

And £1.7m is a tinkle take anyway. He doesn't NEED that amount. Nobody NEEDS that sort of money to be able to live comfortably. Bonuses should be restricted to a percentage of salary, like 25% max. Especially when it's OUR money they are gambling with day in, day out.

 

[Baldhead]

I have old fashioned values, pay your debts first, what you have left is yours to spend as you wish, I don't think anyone should take any bonuses until the debt is paid.

Baldhead

 

[marcros]

But that is like saying don't do any DIY until the mortgage is paid off.

 

[MickCheese]

http://www.bbc.co.uk/news/business-26167619

Anyone else think he's taking the Gypsy Lee? :evil:

I'm not sure. After all he has turned a massive loss into a profit.

Mick

 

[ChrisR]

I'm not saying that. However, the priority should be to pay back the bail out before ANYONE gets bonuses. How can anyone justify a bonus when the company is billions in debt?

And £1.7m is a tinkle take anyway. He doesn't NEED that amount. Nobody NEEDS that sort of money to be able to live comfortably. Bonuses should be restricted to a percentage of salary, like 25% max. Especially when it's OUR money they are gambling with day in, day out.

I second that. :evil:

Take care.

Chris R.

 

[Deejay]

Afternoon Mick

I'm not sure. After all he has turned a massive loss into a profit.

Isn't that why he's paid a million pound annual salary?

The words 'p*ss' and 'take' spring to mind.

Cheers

Dave

 

[mind_the_goat]

Perhaps he'll defect to Barclays because his bonus is so small at LLoyds :roll:

 

[marcros]

the bloke turned a £600M loss into a £400 profit in a year. To get somebody of the caliber to do that you need to pay market rate, and although upsetting to some, that rate is a salary of a million pound + and a juicy bonus.. Half of that bonus will go back on tax and NI anyway. We are talking about a very small pool of people capable of doing that job, a fraction of a percent.

when the bank is sold back to the private sector, we the tax payer will make a juicy profit on the deal too.

It is easy to say, recruit somebody for less, but everybody kicks off if you suggest saying the same thing about Unite striking workers that are holding out for double digit raises year on year.

 

[Baldhead]

But that is like saying don't do any DIY until the mortgage is paid off.

That is not what I said, if you pay your mortgage every month then what's left over is yours to do with what you wish.

Baldhead

 

[gregmcateer]

Run for cover, innocents - these one could kick off!

 

[blackrodd]

I would like to know what this man has done that makes him worth £20, 000 salary a week and £37,000 a week in bonus.
Big Bonus paid when you cheat and fiddle the books, Big bonus paid when you sack all the people YOU have made redundant, And all the cash is gone. Easy innit?
Just goes to show how this cozy little government and directors/board members thing works for the top dogs!
Regards Rodders

 

[marcros]

I would like to know what this man has done that makes him worth £20, 000 salary a week and £37,000 a week in bonus.

Made 19 million in profit.

 

[MickCheese]

I would like to know what this man has done that makes him worth £20, 000 salary a week and £37,000 a week in bonus.
Big Bonus paid when you cheat and fiddle the books, Big bonus paid when you sack all the people YOU have made redundant, And all the cash is gone. Easy innit?
Just goes to show how this cozy little government and directors/board members thing works for the top dogs!
Regards Rodders

Few people seem to say that about a footballer or sportsman!

I would rather pay him than someone kicking a football.

Mick

 

[Cheshirechappie]

During the worst times of the banking crisis, some senior bank figures were heavily criticised for pocketing substantial bonuses even as their banks posted record losses, or worse. The cry went up, "No rewards for failure!".

Fair enough.

However, is the mantra, "No rewards for success" really a good idea? Did this guy cause the problems, or sort some of them out?

 

[carlb40]

 

[paulm]

I would like to know what this man has done that makes him worth £20, 000 salary a week and £37,000 a week in bonus.
Big Bonus paid when you cheat and fiddle the books, Big bonus paid when you sack all the people YOU have made redundant, And all the cash is gone. Easy innit?
Just goes to show how this cozy little government and directors/board members thing works for the top dogs!
Regards Rodders

:roll:

 

[MMUK]

the bloke turned a £600M loss into a £400 profit in a year. To get somebody of the caliber to do that you need to pay market rate, and although upsetting to some, that rate is a salary of a million pound + and a juicy bonus.. Half of that bonus will go back on tax and NI anyway. We are talking about a very small pool of people capable of doing that job, a fraction of a percent.

when the bank is sold back to the private sector, we the tax payer will make a juicy profit on the deal too.

It is easy to say, recruit somebody for less, but everybody kicks off if you suggest saying the same thing about Unite striking workers that are holding out for double digit raises year on year.

You reckon we'll see anything of this juicy profit? You're deluded! In any case, there's still nearly £20bn to pay back until the bank is truly in the black.

Don't get me started on bloody unions! :evil:

 

[RogerS]

the bloke turned a £600M loss into a £400 profit in a year. To get somebody of the caliber to do that you need to pay market rate, and although upsetting to some, that rate is a salary of a million pound + and a juicy bonus.. Half of that bonus will go back on tax and NI anyway. We are talking about a very small pool of people capable of doing that job, a fraction of a percent.

when the bank is sold back to the private sector, we the tax payer will make a juicy profit on the deal too.

It is easy to say, recruit somebody for less, but everybody kicks off if you suggest saying the same thing about Unite striking workers that are holding out for double digit raises year on year.

+1