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New Labour Prudence - You gotta laugh, well you are paying for it....

Workers at the failed bank Northern Rock will scoop bonuses worth up to £50million over the next three years. 

The extraordinary bonanza  -  which could include more than £400,000 for the boss of the nationalised lender  -  was described as 'reckless' and 'outrageous'. 

So do think about that, as they failed as a business in the real world and they had to be bailed out by the state using our money. 

Ok the socialists will argue the state is there to rescue monies of the people in private companies, but an this is a question that I ask? Why the fucking hell should the employees/directors of said failed company get a damn penny for being crap at their job; they haven broken even as yet, also they have not paid the state back monies used to bail them out.

Maybe paying back the taxpayer should come before a bonus?

Gordon Brown a man who makes me so angry I could punch his lights out
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2 people have spoken:

Anonymous said...

£50 million over the next 3 years!
Bonuses are supposed to be preformance related,an inentive to work hard and do a good job. How is it possible to forcast future bonuses?
Urban11

Fidothedog said...

the wisdom of comrade cyclops in action.