Lloyds Boss

[RogerS]

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

+1 again.

 

[blackrodd]

"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?

:lol: Rodders

 

[MIGNAL]

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

You couldn't be more wrong. PLENTY of people say the same of footballers. What's more, as taxpayers WE don't pay footballers.
Given that it's considered so difficult to replace these guys it's quite amazing that they managed to find the replacements for the last lot so quickly! I suspect that all the major Banks will be showing big profits over the next few years. It's not rocket science. They've been badly stung (or rather WE have) and they've just taken a much more cautious and sensible approach to lending and risk. It was only a matter of time before they were going to make big profits.

 

[Baldhead]

Anyone actually know a professional footballer? Lots of people complain about the money they make for kicking a ball around for a few hours, but does anyone know what they actually do?

Baldhead

 

[MIGNAL]

Yes. They play football. Rich 'clubs' pay them big money. It's probably not such an easy job as many people seem to think. Playing in front of 40,000 + people, a few million more watching on TV. Lots of pressure. Go to the lower professional leagues and there are some Players on not much more than £500 per week.

 

[Baldhead]

Yes. They play football. Rich 'clubs' pay them big money. It's probably not such an easy job as many people seem to think. Playing in front of 40,000 + people, a few million more watching on TV. Lots of pressure. Go to the lower professional leagues and there are some Players on not much more than £500 per week.

Obviously you don't know a professional footballer.

Baldhead

 

[MIGNAL]

No? Then tell us all what you know.

 

[rafezetter]

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.

There's been a movement by a few top execs to have bonuses capped to a percentage of the lowest paid employees salary for some time... but unsurprisingly it's been blocked by many - including parliament members who sit as directors on boards of big companies.

and they are saying that they will start paying dividends to shareholders.... errm where were they when the bank was going under?

from what I recall the lloyds names situation (some might call fiasco) from the early nineties when they were being called upon to give back money they have received in dividends, should have been applied FIRST, then any money needed after that loaned by the taxpayer, and that loan paid back FIRST.

if you are a shareholder in a bank taking dividends every year large or small, you should expect it to go both ways - it does for every other form of investment.

 

[marcros]

like pretty much every thread in the "off topic" section, camp A start with an opinion, Camp B start with an opposing opinion, and some sit in the middle, not really caring either way. By the end of the thread, nobody has changed their opinion in Camp A or B and nobody from the middle has started to care.

 

[gregmcateer]

like pretty much every thread in the "off topic" section, camp A start with an opinion, Camp B start with an opposing opinion, and some sit in the middle, not really caring either way. By the end of the thread, nobody has changed their opinion in Camp A or B and nobody from the middle has started to care.

Good point, dear boy - rather like parliament, heh?

#-o

 

[Grahamshed]

like pretty much every thread in the "off topic" section, camp A start with an opinion, Camp B start with an opposing opinion, and some sit in the middle, not really caring either way. By the end of the thread, nobody has changed their opinion in Camp A or B and nobody from the middle has started to care.

Good point, dear boy - rather like parliament, heh?

#-o

Yes but in parliament one camp usually has the power to FORCE their view on the rest of us.

 

[doorframe]

I know a professional footballer and an ex-professional footballer.

My cousins son. Plays in League Two. He earns more than most young men of his age but nothing like the mega-bucks of the premier league prima donnas. I hope he earns his millions one day, but it's doubtful with the influx of foreign players at the top clubs.

His Uncle, my cousin, played as high as the old Second Division. Played alongside Stan Bowles and a few others you might know. He now lives in a rented house and lays tiles for a living.

If anyone needs any tiling around the Hertfordshire / North London area he'd be grateful for the work.

 

[andersonec]

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.

Mark, a few years ago our Lloyds shares were wort a tenner each, they are now worth 80pence ????????????

Andy

 

[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.

Mark, a few years ago our Lloyds shares were wort a tenner each, they are now worth 80pence ????????????

Andy

That is irrelevant on so many levels. Financial crisis. Stock market movements of financial shares. Was the Lloyds boss that we are referring to in charge at the time? No, he was not.

 

[Altheo]

I agree. But can he play football?

 

[andersonec]

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.

Mark, a few years ago our Lloyds shares were worth a tenner each, they are now worth 80pence ????????????

Andy

That is irrelevant on so many levels. Financial crisis. Stock market movements of financial shares. Was the Lloyds boss that we are referring to in charge at the time? No, he was not.

Who created the financial crisis if it wasn't the bank bosses then??? The quote above states that "To get somebody of the caliber to do that you need to pay market rate" well that little nugget has been over-used and is total fallacy, take for example the BP ex boss and the HSBC ex boss, there are thousands of people out there who could do the job as good as if not better than the Lloyds boss, think of the number of professors alone who teach the subject, he just happened to fit the bill at the time.

"To get somebody of the caliber to do that you need to pay market rate"----------Nelson Mandela did not earn in the first eighty years of his life, as much as most bank bosses do in one month, obviously if the ANC had been paying the going rate they would have got someone better.

People seem to think these guys sit in an office on their own making all the decisions, no, when they are not totting up their expenses bill they have teams of number crunchers and policy makers who come up with the ideas, they are just figure heads who do the ducking and diving when there are awkward questions to be answered and who put their signature on the bottom of the page, it's the people on the ground who are making the money and Lloyds are soon to have 5,000 less, Barclays 7,000 and so it goes on, oh hum...........

Andy

 

[MMUK]

People seem to think these guys sit in an office on their own making all the decisions, no, when they are not totting up their expenses bill they have teams of number crunchers and policy makers who come up with the ideas, they are just figure heads who do the ducking and diving when there are awkward questions to be answered and who put their signature on the bottom of the page, it's the people on the ground who are making the money and Lloyds are soon to have 5,000 less, Barclays 7,000 and so it goes on, oh hum...........

They're just politicians at the end of the day. They have the gift of the gab, the silver tongue, whatever you want to call it.

 

[RogerS]

....

Mark, a few years ago our Lloyds shares were worth a tenner each, they are now worth 80pence ????????????

Andy

That is irrelevant on so many levels. Financial crisis. Stock market movements of financial shares. Was the Lloyds boss that we are referring to in charge at the time? No, he was not.

Who created the financial crisis if it wasn't the bank bosses then??? The quote above states that "To get somebody of the caliber to do that you need to pay market rate" well that little nugget has been over-used and is total fallacy, take for example the BP ex boss and the HSBC ex boss, there are thousands of people out there who could do the job as good as if not better than the Lloyds boss, think of the number of professors alone who teach the subject, he just happened to fit the bill at the time.

"To get somebody of the caliber to do that you need to pay market rate"----------Nelson Mandela did not earn in the first eighty years of his life, as much as most bank bosses do in one month, obviously if the ANC had been paying the going rate they would have got someone better.

People seem to think these guys sit in an office on their own making all the decisions, no, when they are not totting up their expenses bill they have teams of number crunchers and policy makers who come up with the ideas, they are just figure heads who do the ducking and diving when there are awkward questions to be answered and who put their signature on the bottom of the page, it's the people on the ground who are making the money and Lloyds are soon to have 5,000 less, Barclays 7,000 and so it goes on, oh hum...........

Andy

As i said....irrelevant on so many levels.