RBS loss

[Pie tries]

Someone please tell me how mega loss making bank RBS can afford to sponsor the six nations ?

Its owned and funded by us !

[Pie tries]

Apologies wrong forum - however I'm still verry annoyed !

[Griff9of13]

More worryingly how can it be still paying out performance related bonuses of millions of pounds when it is performing so badly?

[JohnM]

Typical of a state-owned business!!!

[getdownmonkeyman]

More worryingly how can it be still paying out performance related bonuses of millions of pounds when it is performing so badly?

 

Contractually obliged, allegedly.

[Bearman]

I was fuming yesterday when this was announced.

It seems that it has cost each one of us £1500. I have never had any dealings with RBS so why should I pay out to save a private company?

The CEO has kindly offered to forego his million pound allowance and he will just rub along on his 2.5 million a year salary!. His fellow directors will take their allowance ( no more bonus' it's called allowance now) and their salaries which they deserve because they are such exceptional people that without them the company would be a failure!

So that company failed, I bought it fo £1500 (and counting). Can I please cut my losses. I would rather have invested my £1500 in my local shop or pub that also failed.

[tomdooley]

You lot know nothing the ceo is the BOSS and he advises the board how much pay to give him and so they do.

A good arrangement if you can get it.