After The Royal Bank of Scotland has been bailed out by the taxpayer, they are planning to pay out £100´s Millions to high flyer's. The justification for this is that if they don´t reward the talent they will defect.
I am sure the average UK citizen will feel little compassion for poorly reward traders.
UK Financial Investments (UKFI), the Treasury operated body holding the Government´s stake in RBS have allowed the payments. They do understand how incendiary this will be to the UK taxpayer.
Ministers vetoed bonuses to members of the board as a condition of the rescue, but anyone below board level in unaffected.
I wonder how transparent these payments will be when they are made?
Thursday, February 5, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment