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Banks still paying bonus - totally deserved!

  • 10-07-2011 10:14am
    #1
    waster81
    Registered Users, Registered Users 2 Posts: 749 ✭✭✭


    http://www.independent.ie/national-news/senior-bank-of-ireland-staff-to-get-euro7m-payout-2817726.html

    I think its richly deserved,



    Comparisons cant be made with the semi state executives that have handed back their bonus

    These guys are in the private sector and deserve their bonus,

    Lets put aside the fact that they have bankrupt the country,
    That we have pumped billions into the bank
    That its the tax payer paying the bonus,
    That the tax payer is keeping them in their jobs.
    That they have restructured or had a major cost cutting exercise

    Lets have the private sector apologists defending them please


Comments

  • #2
    -Chris-
    Closed Accounts Posts: 12,035 ✭✭✭✭-Chris-


    What a wonderfully balanced way to start a discussion...


  • #3
    BluntGuy
    Closed Accounts Posts: 2,468 ✭✭✭BluntGuy


    What's your point, OP?


  • #4
    Debtocracy
    Registered Users, Registered Users 2 Posts: 208 ✭✭Debtocracy


    0.1% of people in the business world understand that bonuses are ineffective at enhancing the quality of someone’s work. This misunderstanding is based on the widely held assumption that the greatest source of motivation in life is the accumulation of wealth.

    http://www.youtube.com/watch?v=rrkrvAUbU9Y&feature=channel_video_title


  • #5
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    They could do what they liked if it was their own money.

    Unfortunately FF reckoned this cesspit was worth saving and gave them a blank cheque.

    Even more unfortunately the new government has been unable or unwilling to give them the kick up the hole that they deserve.


  • #6
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Surely theyre semi-state now also???

    When in Rome...


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  • #7
    Sand
    Registered Users, Registered Users 2 Posts: 12,895 ✭✭✭✭Sand


    Yep - as far as Irish banks are concerned, the Irish taxpayer is paying the bills. Time to party.


  • #8
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    waster81 wrote: »

    Lets have the private sector apologists defending them please

    Aren't they state owned now? They fit in better over there anyway. :p


  • #9
    Cookie_Monster
    Registered Users, Registered Users 2 Posts: 24,537 ✭✭✭✭Cookie_Monster


    Debtocracy wrote: »
    0.1% of people in the business world understand that bonuses are ineffective at enhancing the quality of someone’s work. This misunderstanding is based on the widely held assumption that the greatest source of motivation in life is the accumulation of wealth.

    eh, but in terms of going to work and doing a job, pay is the only motivation most people have.

    Do you think I'd go into work and do a good job and get nothing extra when I know if I do a mediocre job I can get away with it? But there is a bonus structure here and I know if I do well I can get a lot extra, so I do... simples


  • #10
    COYW
    Closed Accounts Posts: 2,930 ✭✭✭COYW


    waster81 wrote: »
    Lets have the private sector apologists defending them please

    The banks are owned by the state now, so they are public not private. For the record, those of us who are private sector workers do not need to defend genuine private sector workers who are getting bonuses. The bonuses and perks that a private sector worker receives are nobody else's business and that includes politicians and other public sector workers.


  • #11
    Sleepy
    Registered Users, Registered Users 2 Posts: 24,367 ✭✭✭✭Sleepy


    AFAIK, Bank of Ireland is currently about 30% state owned. That may change to almost 70% by end-of-week though.


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  • #12
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    Sleepy wrote: »
    AFAIK, Bank of Ireland is currently about 30% state owned. That may change to almost 70% by end-of-week though.

    The state the taxpayer paid enough to buy the bank several times over by this stage.

    Some politician thought it would be nice if the appearance of private compan(ies) is maintained in the eyes of the market and ECB, who are not as dumb.


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