The Royal Bank of Scotland posts losses of over £5bn for 2012, bringing accumulated losses over the last few years to £34bn. Yet it is paying bonuses of £607m.
On what planet, in what universe, does a company making losses on such a Herculean scale pay ANY kind of bonus at all? It simply beggars belief to this astonished shareholder.
And David Cameron, the current UK Prime Minister, warns the EU against putting a cap on bank bonuses. Because, he says, it will scare away talent. This is the kind of talent that has racked up the RBS £34bn loss? I respectfully suggest that we would all benefit from that talent being scared off, pronto!