Lloyds boss' £3 Mil pension; here we go again!!!!!!
Discussion
http://business.timesonline.co.uk/tol/business/ind...
After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
Martial Arts Man said:
http://business.timesonline.co.uk/tol/business/ind...
After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
Just what is it you are complaining about? When he's 60, he will retire and get £150K per year pension. I don't see anything wrong with that. Didn't his company make a profit? The Lloyds bit I mean.After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
His pension is not the same situation as Sir Fred's.
paddyhasneeds said:
I thought that Lloyds were basically healthy and in need of no help until the government "forced" them to take over HBOS in a hurry?
apparently so, they were sitting quite nicely, had been run sensibly, and were basically strong armed into keeping hbos afloat. most of their bad debt provision from the other weeks results is to cover poor hbos lending, not their own.they seem to have been rail roaded into giving up this 70%stake to the gubbermint, and the guys at the top had done a good job they deserve it.
The Lloyds man has deserved it, as mentioned above it was government pressure to buy HBOS that has tipped them the wrong way. He should take his deserved pension and stick two fingers up at Brown and his morons.
I trust none of the present government will be taking their pensions when they retire.
I trust none of the present government will be taking their pensions when they retire.
Martial Arts Man said:
http://business.timesonline.co.uk/tol/business/ind...
After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
Thats a much more reasonable sum for someone in his poisition. He didnt fail in the same way as the RBS guy did...After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
Leccy said:
Martial Arts Man said:
http://business.timesonline.co.uk/tol/business/ind...
After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
Just what is it you are complaining about? When he's 60, he will retire and get £150K per year pension. I don't see anything wrong with that. Didn't his company make a profit? The Lloyds bit I mean.After all the bull and bluster eminating from the Gov't the last fortnight, you'd have thought they would have pre-empted the problem.....
This will happen again and again and Brown and Co. can only end up looking a little silly.
As usual, tactics over strategy.
His pension is not the same situation as Sir Fred's.
I was more thinking that the gov't have messed up; after all the talk over Fred's $$, the public will be surprised to hear that it is happening again.
Again, in the eyes of the average Joe Public, that is. The media will probably make a fuss too.
Won't look good for Gordon and his gang; which is a good thing
Martial Arts Man said:
I'm not complaining. Hey, I vehemently defend Fred's pension.
I was more thinking that the gov't have messed up; after all the talk over Fred's $$, the public will be surprised to hear that it is happening again.
Again, in the eyes of the average Joe Public, that is. The media will probably make a fuss too.
Won't look good for Gordon and his gang; which is a good thing
Luckily there is nothing the Government can do about this chap's pension. All that sI was more thinking that the gov't have messed up; after all the talk over Fred's $$, the public will be surprised to hear that it is happening again.
Again, in the eyes of the average Joe Public, that is. The media will probably make a fuss too.
Won't look good for Gordon and his gang; which is a good thing
te in the news about them changing the law will only affect the 'normal' people who have a 'normal' sized company pension.They couldn't run a bath, far less run the country.
mouk786 said:
Can anyone explain how the Govt forced LLoyds to take over HBOS - can;t recall anything about it...
Allegedly, both parties already wanted the deal to happen; the gov't removed the application of competition rules to allow it through.In order to save HBOS, I believe we were told.
Martial Arts Man said:
mouk786 said:
Can anyone explain how the Govt forced LLoyds to take over HBOS - can;t recall anything about it...
Allegedly, both parties already wanted the deal to happen; the gov't removed the application of competition rules to allow it through.In order to save HBOS, I believe we were told.
They're all responsible to varying degrees.
It's another question whether the economic deterioration that has manifested itself since their merger was foreseeable, to what extent it contributed to the worsening of their problems, whether the Government contributed to that worsening, and whether the Government would not have had to buy HBOS already, if Lloyds had not done so itself.
I will go back into my cave now...with a bottle of something intoxicating.The good thing about this thread is that it will make P &Pers aware what it requires in the the pot to produce a pension.
So for those of you who jumped at the 3 mil headline and then realised it was only producing 150/annum. Start saving
PS the "only" is with respect to what some may have expected.
So for those of you who jumped at the 3 mil headline and then realised it was only producing 150/annum. Start saving
PS the "only" is with respect to what some may have expected.
Adrian W said:
I think if it's in his contract that's it good luck to him, Lloyds thought they were getting a bargain in HBOS, they weren't forced into anything, they just didn't make the killing they expected.
So hang on. This chap did a deal to buy HBOS a couple of months ago. The outcome of that deal is that both banks have had to be rescued by the government and he should get a huge ension?His actions will have caused thousands of others to lose masses of value on their savings invested in shares in his bank.
He should have realised that HBOS was in serious trouble and walked away from the deal. It was plainly obvious before the deal went through how deep in trouble HBOS were.
He and the rest of his board should be sued by the shareholders who have lost so much.
A pension of £150,000pa may not be much but its plenty more than most people have to live on and it has been earnt in a relatively short period.
He should be invited to join the real world.
Mojocvh said:
EDLT said:
£150,000pa isn't that much. Tony Blair is on about £85,000ish despite ruining the country injust a few years.
EFA.As to this, am I the only one who is worried that it seems we are having the state control pretty much all the major banks? I.e. we are turning into a communist state??
Chrisgr31 said:
Adrian W said:
I think if it's in his contract that's it good luck to him, Lloyds thought they were getting a bargain in HBOS, they weren't forced into anything, they just didn't make the killing they expected.
So hang on. This chap did a deal to buy HBOS a couple of months ago. The outcome of that deal is that both banks have had to be rescued by the government and he should get a huge ension?His actions will have caused thousands of others to lose masses of value on their savings invested in shares in his bank.
He should have realised that HBOS was in serious trouble and walked away from the deal. It was plainly obvious before the deal went through how deep in trouble HBOS were.
He and the rest of his board should be sued by the shareholders who have lost so much.
A pension of £150,000pa may not be much but its plenty more than most people have to live on and it has been earnt in a relatively short period.
He should be invited to join the real world.
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