European Tribune - Comments - Wednesday Open Thread

Wednesday Open Thread | 74 comments (74 topical, 0 editorial, 0 hidden)

Re: Wednesday Open Thread (4.00 / 3)

Sounds about right: if they feel they're being prevented from doing their duty for the shareholders they should resign. If only this had occurred to them when they were busy digging the hole for the bank ...

by Colman (colman at eurotrib.com) on Wed Dec 2nd, 2009 at 11:46:29 AM EST
[ Parent ]

Re: Wednesday Open Thread (none / 1)

the Bank dug the hole, not the directors. Haven't you learned anything about global finance? i'm going to join Amnesty for RBS Directors on facebook.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Wed Dec 2nd, 2009 at 12:17:17 PM EST
[ Parent ]

Re: Wednesday Open Thread (none / 0)

but providing the bonuses isn't really about doing their duty for the shareholders. the bonus system is an internal stitch up for the plutocrat club members.

the people at pension funds(a) and other investment groups who vote for bonuses at banks(b) are people who get bonuses themselves, probably voted upon by the very people who they voted for. Scratch my back and I'll scratch yours. It's got nothing to do with shareholder value.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Dec 2nd, 2009 at 01:48:20 PM EST
[ Parent ]

Re: Wednesday Open Thread (none / 0)

No, they believe that bonuses are necessary motivators and just rewards. It's just easy to believe that when you and your friends are the ones getting them.

by Colman (colman at eurotrib.com) on Wed Dec 2nd, 2009 at 02:43:05 PM EST
[ Parent ]

Re: Wednesday Open Thread (none / 0)

Maybe they do, but you can still believe in bonuses as motivators and not have the situation where non-trivial percentages of bank profit are delivered as bonuses to the few instead of to shareholders. My description explains how that current runaway situation evolved.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Dec 2nd, 2009 at 02:56:07 PM EST
[ Parent ]

Wednesday Open Thread | 74 comments (74 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
257 comments

A Star is Born
by ChrisCook - May 23
23 comments

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
6 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

Recent Diaries

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
6 comments

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
257 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

A little American intercine battling
by rootless2 - May 14
27 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

The mainstream German Magazine Spiegel asks, has the US mixed ...
by Democrats Ramshield - May 10
27 comments

Short Term Climate Forces: Black Carbon, Methane, and...
by gmoke - May 9

Twenty days of Crisis for Cameron
by ceebs - May 9
22 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

French Parliamentary Elections: a look under the hood
by Bernard - May 8
59 comments

Sunday Train: The Rock Island Line is a Mighty Fine Iowa...
by BruceMcF - May 6
18 comments

Why haven't we had WWIII yet?
by Migeru - Apr 30
258 comments

More Diaries...

Occasional Series

Click for full list