del Missier pay off

Author
Discussion

Mr Snap

2,364 posts

158 months

Friday 27th July 2012
quotequote all
It pongs to high heaven but, as long as his contracts are in order, I don't see how the employer could have done anything else.

What gets my goat is that he will no doubt float through the backdoor into another highly paid city job, where 'skills' such as his are welcomed; unlike most other professions, where he'd be struck off and unable to practise in future.

eccles

13,746 posts

223 months

Friday 27th July 2012
quotequote all
Mr Snap said:
It pongs to high heaven but, as long as his contracts are in order, I don't see how the employer could have done anything else.

What gets my goat is that he will no doubt float through the backdoor into another highly paid city job, where 'skills' such as his are welcomed; unlike most other professions, where he'd be struck off and unable to practise in future.
No different to politics then. A couple of years on the back bench until everyone forgets, then back in as if nothing had happened.

Du1point8

21,613 posts

193 months

Friday 27th July 2012
quotequote all
Mr Snap said:
It pongs to high heaven but, as long as his contracts are in order, I don't see how the employer could have done anything else.

What gets my goat is that he will no doubt float through the backdoor into another highly paid city job, where 'skills' such as his are welcomed; unlike most other professions, where he'd be struck off and unable to practise in future.
so take blair... ruin a country and then all sundry want to pay him £20 million for his services and then pay little tax on it...

johnfm

13,668 posts

251 months

Friday 27th July 2012
quotequote all
Mr Snap said:
It pongs to high heaven but, as long as his contracts are in order, I don't see how the employer could have done anything else.

What gets my goat is that he will no doubt float through the backdoor into another highly paid city job, where 'skills' such as his are welcomed; unlike most other professions, where he'd be struck off and unable to practise in future.
What would he get struck off for?


crankedup

Original Poster:

25,764 posts

244 months

Friday 27th July 2012
quotequote all
Expect we will see a few more pay off's over the next 12 months as the wrong doing spreads from bank to bank. I've run out of grumbles regarding rights/wrongs and simply want to see an end to this era.

Of more interest is the people who will be taking on the C.E.O. and Senior posts in the banks. Not forgetting the increased transparency and shareholders involvement in the remuneration packages.

Du1point8

21,613 posts

193 months

Friday 27th July 2012
quotequote all
johnfm said:
Mr Snap said:
It pongs to high heaven but, as long as his contracts are in order, I don't see how the employer could have done anything else.

What gets my goat is that he will no doubt float through the backdoor into another highly paid city job, where 'skills' such as his are welcomed; unlike most other professions, where he'd be struck off and unable to practise in future.
What would he get struck off for?
For not using the crystal ball interface to know exactly what every single one of his employees is up to.

Eric Mc

122,165 posts

266 months

Friday 27th July 2012
quotequote all
For failing to monitor what the company was doing and failing to ensure that the correct procedures were in place and that said procedures, if in place, were being followed.

I am fed up to the back teeth with lame comments regarding "not being responsible for every employee's actions".

It's not a question of being responsible for every employee's actions.

It's about being in charge - setting the right tone - establishing the correct culture - ensuring the chain of command is solid, secure and doing exactly what it should be doing and is ready to report up that chain when it realises thinks may not be right.

If those at the top are not aware of what is going on beneath them, it could very well be absolutely down to the way in which they manage - or more succinctly - fail to manage, their responsibilities.

ukwill

8,920 posts

208 months

Friday 27th July 2012
quotequote all
Eric Mc said:
For failing to monitor what the company was doing and failing to ensure that the correct procedures were in place and that said procedures, if in place, were being followed.

I am fed up to the back teeth with lame comments regarding "not being responsible for every employee's actions".

It's not a question of being responsible for every employee's actions.

It's about being in charge - setting the right tone - establishing the correct culture - ensuring the chain of command is solid, secure and doing exactly what it should be doing and is ready to report up that chain when it realises thinks may not be right.

If those at the top are not aware of what is going on beneath them, it could very well be absolutely down to the way in which they manage - or more succinctly - fail to manage, their responsibilities.
But hasn't the point been that Barclays were effectively skewing their Libor figures because the BoE inferred they should? I don't think anyone has yet suggest that del boy told his crew to skew their libor input on a whim. The whole thing stinks - from the banks to the BoE to the Govt.

Which reminds me - Select Committees / Kangaroo Courts - the very last person I'd want attempting to castigate me would be a fking MP.

RYH64E

7,960 posts

245 months

Friday 27th July 2012
quotequote all
fido said:
I see the usual jealous lefties appearing. Good on him. I hope he enjoys his contractual payments for 2011.
So an overpaid employee has received an emormous pay off following dodgy behaviour, surely the lefties would welcome such an outcome? Isn't this what unions are for?

If anyone should be compaining it's the capitalist shareholders who are having to pay a huge amount of their money to an unscrupulous employee.

Eric Mc

122,165 posts

266 months

Friday 27th July 2012
quotequote all
ukwill said:
But hasn't the point been that Barclays were effectively skewing their Libor figures because the BoE inferred they should? I don't think anyone has yet suggest that del boy told his crew to skew their libor input on a whim. The whole thing stinks - from the banks to the BoE to the Govt.

Which reminds me - Select Committees / Kangaroo Courts - the very last person I'd want attempting to castigate me would be a fking MP.
Not arguing that the bank was solely to blame. They should all take their medicine for what went on.