Thursday 13 January 2011

Another broken promise making the banksters pay for the cuts they brought about

Below is an article from the Bournemouth Echo about the moral dilemma of Banksters bonuses. Even the business community, previously have been ambivalent towards bonuses are angry at yet another broken promise by the ConDems in allowing high bonuses. Why should we be surprised. The Banksters are the real Tories friends and will always do well under a Tory led Government, aided and abetted by the Lib Dems. The banksters are certainly not a mother with young children needing a play group or a vulnerable child needing a Behaviour Therapist or a psychologist. The head of Barclays does not need Connexions or a careers advisor to assist them try to build a future career or obtain employment. Life is going to get very much unfairer under the Tories.

Barclays boss Bob Diamond and Royal Bank of Scotland chief executive Stephen Hester are in line for payouts of £8 million and £3m respectively.

But just what do these bankers do that justifies such inordinate wealth?

“Nothing,” was the answer from Kathy Tilbury, managing director of Excelsior Coaches and president of the Dorset Chamber.

She added: “Bob Diamond’s bonus is twice the amount my business turns over in a year. The government has got to step in.

“We are the shareholders in RBS and we should be stepping in and taking control of the boardrooms.”

Beales’ managing director Tony Brown said comparing the pay of bank bosses and emergency services employees resulted in “a moral dilemma that’s been with us since time began”.

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