| Topic: | Re:Re:Re:Re:Re Brillian article - | |
| Posted by: | William Beausire | |
| Date/Time: | 13/11/10 12:09:00 |
| Carrie's quote from the Guardian says it's £1.3bn. Still rather a lot, although RBS is a big company and it will be spread round a bit. Trouble is, given that we own the vast majority of RBS, what do we want to do with out new asset? If we want it to make money so that the government can sell its stake and recover the money put into it, we might have to hold our nose and let them do whatever they have to run the business profitably. If we restrict bonus payments the investment bank will collapse, and the value of the government's stake will be impaired. A few years ago the clearing side of HSBC got huffy with the pay the investment bankers were getting, and cut bonuses dramatically. It set the investment bank back 5yrs. |