City bankers on course for £7bn in bonuses.

[ChezGiven 0]

Fop in meltdown again. Obviously jealous of the attention Danny was getting.

*Insert whitty retort here btw*

 

 

Although in fairness without Danny many will be looking around desperately for their daily argument fix. (as this thread is beginning to show )

 

Rubbish

[Billy Whitehurst 958]

Also fairly certain that this is not true.

 

From my reading of the financial press, and anecdotal evidence from friends working in the city, 2008 vs 2007 compensation was significantly lower across the board (with the possible exception of Merrill Lynch who sneaked through their bonusses just before BoA took them over).

 

Any provisions made so far in 2009 will not be paid until early 2010 so will be reduced if the banks underperform between now and then.

 

It was on the fucking news, they gave quite a few specific examples and said it was the case in general too, blame them.

 

 

Like Fop said you'd think it wasn't true, but apparently it is, unless the BBC new was lying (personally Fop thinks Fop made the BBC news lie.... but then of course clearly Fop is lying so.... )

 

I dont think he was accusing you of lying, just imparting his point of view. Why you need to piss yourself laughing is beyond me.

 

It is possible for the BBC reporter (as thats who you are agreeing with, not the institution) to be focussing on some true elements without the overall picture being reflected in the story.

 

it was in the same report as looking at non-execs and their lack of teeth and their club few 100 issue.

 

They then looked at current bonuses, NR bonuses had increase by more than 1/3 (could have even been +45%) since being nationalised, they named several other banks where there was also an increase (could have been Lloyds too, but ) and then said that contrary to popular believe there was no real mass slashing of the bonus culture and in fact general payments had still gone up since the beginning of the credit crunch.

 

 

Now where this is true or not , but the media generally does at least vaguely research it's fact for reports like this.

 

As Chez said, I'm not accusing you of lying, I just think the source may not be the strongest. I can only go on the figures I have seen in the financial press and from speaking to pals who work at most of the major banks.

 

Fairly simple really, I'll go off the evidence I've read and you rely on your evidence. I'd be interested in seeing the stuff the BBC is talking about so I'll check it out.

Edited May 20, 2009 by Billy Whitehurst

[Fop 1]

Fop in meltdown again. Obviously jealous of the attention Danny was getting.

*Insert whitty retort here btw*

 

 

Although in fairness without Danny many will be looking around desperately for their daily argument fix. (as this thread is beginning to show )

 

Rubbish

 

[Fop 1]

As Chez said, I'm not accusing you of lying, I just think the source may not be the strongest. I can only go on the figures I have seen in the financial press and from speaking to pals who work at most of the major banks.

 

Fairly simple really, I'll go off the evidence I've read and you rely on your evidence. I'd be interested in seeing the stuff the BBC is talking about so I'll check it out.

 

 

They'd clearly done quite a bit of research, they produced figures for several banks (NR is the only one Fop remembers and it was the biggest - at least 1/3 more although it could have been as much as +45% - ask Gemmill) showing over all bonus payments had gone up not down in the last 12 months and then said that this was actually the general trend despite public perception and a few headline grabbing bosses not taking bonuses.

[Park Life 71]

It's all immaterial anyway...Whatever the disclosed remuneration you can double it in baksheesh.

[Billy Whitehurst 958]

As Chez said, I'm not accusing you of lying, I just think the source may not be the strongest. I can only go on the figures I have seen in the financial press and from speaking to pals who work at most of the major banks.

 

Fairly simple really, I'll go off the evidence I've read and you rely on your evidence. I'd be interested in seeing the stuff the BBC is talking about so I'll check it out.

 

 

They'd clearly done quite a bit of research, they produced figures for several banks (NR is the only one Fop remembers and it was the biggest - at least 1/3 more although it could have been as much as +45% - ask Gemmill) showing over all bonus payments had gone up not down in the last 12 months and then said that this was actually the general trend despite public perception and a few headline grabbing bosses not taking bonuses.

 

As I said, I'll try and find the report that you are referring to. You should try out the link I posted as that will tell you about the bonus trends at most of the global banks.

Edited May 20, 2009 by Billy Whitehurst

[Fop 1]

It actually makes a lot of sense when you think about it too.

 

 

 

 

 

 

A lot more sense then believing that the banking sector is suddenly going to get rid of the major incentive program (and remuneration process) it has used for the last 30 years and replace it with a gold star sticker chart.

 

 

Regardless of what their PR and hired Spin Doctors are trying to get the public to believe with sackcloth and ashes stories.

[Park Life 71]

As Chez said, I'm not accusing you of lying, I just think the source may not be the strongest. I can only go on the figures I have seen in the financial press and from speaking to pals who work at most of the major banks.

 

Fairly simple really, I'll go off the evidence I've read and you rely on your evidence. I'd be interested in seeing the stuff the BBC is talking about so I'll check it out.

 

 

They'd clearly done quite a bit of research, they produced figures for several banks (NR is the only one Fop remembers and it was the biggest - at least 1/3 more although it could have been as much as +45% - ask Gemmill) showing over all bonus payments had gone up not down in the last 12 months and then said that this was actually the general trend despite public perception and a few headline grabbing bosses not taking bonuses.

 

As I said, I'll try and find the report. You should try out the link I posted as that will tell you about the bonus trends at most of the global banks.

 

 

Banks don't give a fuck basically. It's like magic.

[Park Life 71]

It actually makes a lot of sense when you think about it too.

 

 

 

 

 

 

A lot more sense then believing that the banking sector is suddenly going to get rid of the major incentive program (and remuneration process) it has used for the last 30 years and replace it with a gold star sticker chart.

 

 

Regardless of what their PR and hired Spin Doctors are trying to get the public to believe with sackcloth and ashes stories.

 

 

Totally agree. They won't stop till we stop them and 'we' aren't what we were........

[Happy Face 29]

The BBC spout some shite like.

 

A BBC reporter on the News at 10 claimed that domestic abuse killed more women aget between 15 and 44 than any other cause.

 

 

To be fair, it's a lie that was perpetuated in government papers on the subject too. It's just amazing so many people believe what they're told. Most amazingly, supposed investigative journalists.

[Fop 1]

The BBC spout some shite like.

 

A BBC reporter on the News at 10 claimed that domestic abuse killed more women aget between 15 and 44 than any other cause.

 

 

To be fair, it's a lie that was perpetuated in government papers on the subject too. It's just amazing so many people believe what they're told. Most amazingly, supposed investigative journalists.

 

Aye, that's a sword that cuts both ways though.

 

The media is telling everyone that banks are sorry and there are no more bonuses and 50% of city execs are joining monasteries to pay for their sins.

 

The media is telling everyone that banks are actually paying out more bonuses now than they did before the credit crunch.

 

 

 

Only Renton knows which is true.

[Happy Face 29]

The BBC spout some shite like.

 

A BBC reporter on the News at 10 claimed that domestic abuse killed more women aget between 15 and 44 than any other cause.

 

 

To be fair, it's a lie that was perpetuated in government papers on the subject too. It's just amazing so many people believe what they're told. Most amazingly, supposed investigative journalists.

 

Aye, that's a sword that cuts both ways though.

 

The media is telling everyone that banks are sorry and there are no more bonuses and 50% of city execs are joining monasteries to pay for their sins.

 

The media is telling everyone that banks are actually paying out more bonuses now than they did before the credit crunch.

 

Only Renton knows which is true.

 

Lazy journalists write what they're told. Either by the people in charge ("We're regulating the shit out of this, rest assured"), or by the civil servants dropping the truth in their lap ("Everyone in power is on the take").

[Park Life 71]

The BBC spout some shite like.

 

A BBC reporter on the News at 10 claimed that domestic abuse killed more women aget between 15 and 44 than any other cause.

 

 

To be fair, it's a lie that was perpetuated in government papers on the subject too. It's just amazing so many people believe what they're told. Most amazingly, supposed investigative journalists.

 

Aye, that's a sword that cuts both ways though.

 

The media is telling everyone that banks are sorry and there are no more bonuses and 50% of city execs are joining monasteries to pay for their sins.

 

The media is telling everyone that banks are actually paying out more bonuses now than they did before the credit crunch.

 

Only Renton knows which is true.

 

Lazy journalists write what they're told. Either by the people in charge ("We're regulating the shit out of this, rest assured"), or by the civil servants dropping the truth in their lap ("Everyone in power is on the take").

 

Real journalists tend to disappear.

 

I remember when Parky himself was on a list.