The Virtual Pub

Come Inside... => The Commons => Topic started by: Snoopy on February 10, 2009, 03:11:07 PM

Title: Bankers say "Sorry"
Post by: Snoopy on February 10, 2009, 03:11:07 PM

TBH this does not make me feel a whole lot better disposed toward them

http://news.bbc.co.uk/1/hi/business/7880292.stm

Quote

The former bosses of the two biggest UK casualties of the banking crisis have apologised "profoundly and unreservedly" for their banks' failure.

Former Royal Bank of Scotland chief executive Sir Fred Goodwin told MPs on the Treasury Committee he "could not be more sorry" for what had happened.

The former bank chiefs also said the bonus culture had contributed to the crisis and needed to be reviewed.

But Sir Fred said if bankers felt they were not paid enough, they would leave.

Sir Tom McKillop, former RBS chairman, also admitted that his bank's much-criticised purchase of Dutch rival ABN Amro had been a "big mistake".

And this just makes it worse

Quote

Bosses' pay at UK banks receiving government support
   Position  Total pay (including bonuses) 2007 
RBS       
Sir Tom McKillop  Chairman  £750,000 
Sir Fred Goodwin  Group chief executive  £4,190,000 
Johnny Cameron  Chief executive, corporate markets  £3,256,000 
         
HBOS       
Lord Stevenson  Chairman  £821,000 
Andy Hornby  Chief executive  £1,926,000 
Peter Cummings  Chief executive, corporate division  £2,606,000 
         
Lloyds TSB       
Sir Victor Blank  Chairman  £661,000 
J Eric Daniels  Group chief executive  £2,884,000 
Terri Dial  Group executive director  £1,995,000 
         
Bradford & Bingley       
Rod Kent  Chairman  £265,000 
Steven Crawshaw  Group chief executive  £1,112,548 
Chris Wilford  Group finance director  £700,572 
         
Northern Rock       
Matt Ridley  Chairman  £223,000 
Adam Applegarth  Chief executive  £785,000 
David Baker  Deputy chief executive  £476,000 

Title: Re: Bankers say "Sorry"
Post by: Pastis on February 11, 2009, 08:12:33 PM

I saw the tape of this bunch being interviewed on Newsnight lat night. It was almost macabre. I'd just come back from a local meeting where, amongst other things being discussed were everyday things like the cost of parking, dogs fouling the pavement, improvements to our local amenities, ASB etc... real, down to earth practicalities.

And then, to see this bunch of apparently unqualified sharks shedding crocodile tears... I almost wanted to hear the sound of the tumbrils rolling  evil:

Title: Re: Bankers say "Sorry"
Post by: The Moan Ranger on February 12, 2009, 10:26:53 AM

Broon is on BBC News 24 being "grilled" over this. It all seems very cordial.  evil:

Title: Re: Bankers say "Sorry"
Post by: Grumpmeister on February 12, 2009, 02:12:42 PM

Brown picked a former HBOS head to run the FSA, an organisation that then  showed it couldnt find its own arse with a hunting dog and a oiija board much less the approaching time bomb of the banking crisis. Cordial? They should be hauling his useless hide over hot coals!!  Banghead

Title: Re: Bankers say "Sorry"
Post by: Nick on February 12, 2009, 02:13:34 PM

I saw my useless lobby fodder MP was on the 'grilling committee' They let him off  cussing:

Title: Re: Bankers say "Sorry"
Post by: GROWLER on February 12, 2009, 02:45:09 PM

Bless 'em all ey. Took courage to apologise. We can all sit back and relax now they've said sorry, little loves. cloud9: