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Held to ransom by the bankers: Bosses at RBS (Yes, YOU own it) threaten to quit if they can’t dole out huge bonuses
Posted By admin On December 3, 2009 @ 4:54 am In Money Watch | Comments Disabled
UK Daily Mail 
Thursday, Dec 3rd, 2009
Royal Bank of Scotland directors were accused of holding taxpayers to ransom last night over plans to pay huge bonuses.
The board has threatened to resign en masse if the Treasury blocks the payments.
The row is over an estimated £1.5billion bonus pool for staff at the investment arm of the bank, which is largely owned by the public.
The pool is around 50 per cent bigger than last year and would give 20,000 bankers the equivalent of three times the national average salary each.
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here 
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URLs in this post:
 UK Daily Mail: http://www.dailymail.co.uk/news/article-1232530/Darling-seizes-control-RBS-bonus-pool.html
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