Forum Topic

RBS CEO Stephen Hester Employed by Gordon Brown in 2008 !

I am sick to death of hearing about this chap also the inference that our Government should intervene on his Contract it is not possible and would have terrible ramifications .Stephen Hester was asked to take on the job of CEO by Gordon Brown who had already used 46 BILLION POUNDS of our money to bail out RBS, his Contract was signed in 2008 and although we owned 87% of RBS through Gordon Brown, his contract was as a Private Worker not a Public Sector Worker. No matter what is wished for you cannot have government stipulating how much Directors of Companies earn.There are far more important events in Europe going on that our media should be making us aware of we continually get doom and gloom about our economy and yet were we told by the BBC or SKY that Espana Airlines have ceased working this happened yesterday, people had booked in, their luggage processed and then all at once the Espana Staff walked out of the airport apparently Qatar who were to take over the airline had called off the deal.The strikes in Italy and Portugal were we told NO we were not and will not, what is the big secret are we supposed to think that the Euro and Europe is a better deal for us, the BBC are Worldwide so let's get some Worldwide News, will they tell us that Spain has over 5 Million People unemployed it is likewise all over Europe except for Germany who are doing very well, good for them. 

Dawn Hardy ● 4940d21 Comments

Together Miliband would do us proud if he would take up the challenge to remove the Tax Loophole that his brother and the rest are utilizing, they avoid paying tax we do not have a choice! While I think of it Tony Blair is purported to have earned 12 Million Pounds this fiscal year will he pay 6 Million in tax, you bet your life he won't!

Dawn Hardy ● 4938d

The cost to we taxpayers for Ed Milibands campaigning for himself as a defender against Stephen Hesters bonus amounts to 921 Million Pounds wiped off of both RBS and Llyods yesterday, this equates to RBS losing by 3.5% and Lloyds losing by 4.1%, we the taxpayer own 82% of RBS and 41% of Lloyds. Ed(together)Miliband has cost each household  an additional £36.00 because of his shouting about Mr Hesters bonus he should well remember that it was Gordon Brown who first arranged this deal.If he continues in this vein I will give RBS 1 year before it goes and we the taxpayer will be the loser by 46 Billion Pounds.

Dawn Hardy ● 4938d

I'll contribute to their fares if they promise to go and never come back again. And that goes for all the luvvies who are always moaning about paying their taxes!

Vanessa Smith ● 4939d

But Dawn, we need these brainy people who take millions of pounds of our money whilst doing not very much, otherwise they will leave the country and then we will all be in oh such a terrible state.

Phil Andrews ● 4939d

Ed Miliband should make sure that his brother David is earning less then Stephen Hester before standing on the band wagon,it would appear that David Miliband earned nearly 65 Thousand Pounds for a 3 day work period for the United Arab Emirates this works out at 21k a day, Stephen Hester earns 6k a day and also pays the appropriate income tax unlike David Miliband who along with his wife(shareholder) exploits tax loophole that his government pledged to close.Naughty!Naughty!!

Dawn Hardy ● 4939d

"Unless, of course, there is any truth in the rumour that the Syon candidacy is being held out in your direction as a carrot?"Oh! My Gawd - spare us!

Vanessa Smith ● 4939d

My Dee asks has he joined the Tories together?excepting David Cameron says that we are all in it together, Ed of course stands once again outside of the box, we are together and he is on his Jack Jones. It would seem the only way he can get attention is to emulate others slogans.

Dawn Hardy ● 4939d

What a load of rubbish,my husband and I together have sat and listened to Ed(together)Miliband say in his speech to the Scottish Labour Party in Glasgow the word together at least 50 times. From listening to his together speech I have no doubt that we will all in the near future if he has his way be living in a collective together society.There will be no bosses and we will all be earning 50 thousand pounds a year each(together)after his reforms?? Oh! my can't wait for it to happen!!!

Dawn Hardy ● 4939d

When you consider that Stephen Hester only this week turned a 3 Million pound job to stay at RBS, if I were him after this dreadful treatment that he has received from the media,I would leave RBS to sink into oblivion. Because they will without proper leadership, we then will be left with a gigantic debt that we really cannot afford. Think also of the unemployment that would follow.

Dawn Hardy ● 4939d

Mr Hester's been treated like some caricature bogeyman. If I were him, I'd tell the government, the tax payer, the media and Boris Johnson where they could stick their job and go off and cultivate my arboretum.

Susan Kelly ● 4939d

Just listened to Mr Miliband on the above and as usual would not answer the question that it was in fact Labour who took on Mr Hester and the Contract, he silly man is stipulating that Government should take control of all Directors not only Banks salaries & bonuses, we are still aDemocracy and if there is a whiff of this all banks will remove themselves from the UK and we will really then be in the mire!!Like it or not we really do need these brainy types otherwise NO growth therefore NO jobs, we think it is bad now, my goodness it could and would become a very big depression which would take for ever to get out of.

Dawn Hardy ● 4939d

Now that Stephen Hester is out of the way, are the Media going to have a go at the £300 per day plus, issued to all those who attend the House of Lords to have a snooze.

Dawn Hardy ● 4939d

Whoever offered Hester that obscene bonus deal was a pillock, but the fact is all this talk of having to offer megabucks deals to 'get the best' is b******s. Why does this count only at the top and never for the masses who do a good days' work for one hell of a lot less? It seems that it's O.K. to expect the lower orders to take less and less, don't they need motivation too? It's all very well saying that these fat cats have contracts but so do most working people, but when did that ever stop those at the top totally ignoring them and their rights?

Vanessa Smith ● 4939d

Isn't it quite ironic that politicians can tell anyone not to be aquisitive or profligate with public money so soon after the expenses scandal,and with all their junkets and with the more than just a bit on the side a lot of them earn because of the position the public have put them in and the influence they have as a result of it.

Keith Iddon ● 4939d

Then good on them, for once.

Phil Andrews ● 4939d

Bullied by the usual lynch mobs of the British media... And Boris Johnson.

Susan Kelly ● 4939d

Phil,I criticize all parties as you well know. Why? on earth has Labour decided to call a vote to strip Stephen Hester of a bonus that will not be put in place for a period of 3 years if RBS shares go up then he makes money if the shares go down then he loses. Incidentally the board had nothing to do with the contract that was between Gordon Brown and Stephen Hester.I hear no outrage from you that 46 Billion Pounds of our money was utilized to save the RBS and yet you go mad at this,in the  In what way is this government acting in a detrimental way to the good of the UK under the circumstances they are doing bloody well!Phil, fat cats have been around for time immemorial without fat cats we will have no growth.Where is your outrage in footballers earning 10 Million or so a year.RBS was in the Red it is now 2 Billion in the black he must be doing something right. INCIDENTALLY IT HAS JUST COME ON THE NEWS THAT HE HAS DECIDED NOT TO TAKE HIS BONUS SO ALL IS WELL!!!

Dawn Hardy ● 4939d

Constructive?  Are you having a laugh?  The Labour and Conservative party parrots on these forums remind me of two children in the playground arguing over who has the biggest dad. It really is on that level.  And, to pursue the allegory, it transpires in this case that both dads in fact bear more than a passing resemblance to the skinny guy on the beach in the Bullworker ads of old. But just to make you happy Dawn, fwiw I think it was appalling that Gordon Brown left the RBS Board to take this decision when the large majority of the shares are in public hands, and very hypocritical that his party is now calling for a Commons vote on the matter.But I do not accept that the current government is powerless to act.  Clearly it is more a case that it doesn't want to act, because this fat cat is a member of the establishment and the establishment looks after its own.I'm at a loss to understand why you choose to act as a cheerleader for the political party you have decided to support, even when its actions are clearly to the detriment of the wider community of which you are actually a member.Unless, of course, there is any truth in the rumour that the Syon candidacy is being held out in your direction as a carrot?

Phil Andrews ● 4940d

"If only you criticized past policies and policy makers as well as you criticize me then something constructive would be achieved!"That might also work in reverse..... well apart from the constructive bit.

Tony Wood ● 4940d

Phil,If only you criticized past policies and policy makers as well as you criticize me then something constructive would be achieved!

Dawn Hardy ● 4940d

DawnHave you ever heard the saying "a little knowledge is a dangerous thing"?

Phil Andrews ● 4940d