RBS excessive bonuses

[Gromit]

October 2008, RBS takes £37 billion of taxpayer money to survive.

January 2009, RBS reveal a loss of £28 billion, the biggest ever annual loss in UK corporate history

November 2009, Government increases its stake taking taxpayers ownership of RBS to 80%.

November 2009, RBS board wants to award £1.5billion in bonuses this year.

http://business.times...ce/article6941746.ece

Should RBS be allowed to run the bank as they wish?

or Should the Government as the largest shareholder Veto excessive bonuses?

[fbg40]

Just answer one question - why should they get a bonus for just doing their job ? Do our troops in Afghanistan get a bonus - no. Do nurses get a bonus - no. Do Firemen get a bonus - no. The list is endless. I rest my case !!!
FBG40 (Obviously this argument will not go down well with everybody, but that's life - hey ho !)

[LeMarchand]

If they're threatening to walk if they don't get their bonuses, it seems to imply that they don't have legal recourse to obtain their ill-gotten gains (or surely they'd use the courts?). Let 'em walk - they screwed up in their jobs, why should they get rewarded for it?

If any other bank is looking to pay millions for someone whose decision-making could run them into the ground, I may be able to help them out...