Monday, January 30, 2012
Stephen Hester and the RBS bonus
UK politics became an exciting drama across the media this week as Stephen Hester the RBS (Royal Bank of Scotland) is set to receive nearly a million UK pounds as a bonus. This banking bonus culture is causing anguish and fury across media, the public and politicians alike. Cameron and George Osborne are squirming in annoyance but refusing to step-in. The Labour party are calling for action and the 'angry mobs' are waving banners.
Seething Lane has reinterpreted this 'thrilling story' in the style of a Tintin adventure. A great satire on UK politics from this comic strip view of the corridors of power.
Visit SEETHING LANE for lots more comic strip adventures.
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I wonder if RBS boss Stephen Hester is wishing he had taken up playing football at school rather than studying hard to achieve first class honours degrees in Philosophy, Politics and Economics. With wages for professional footballers topping £10m, Mr Hester would be forgiven for feeling a little under-appreciated in his role to return one of the UK's largest hanging investments to profitability.
Watching from the economic stands I can see that rewarding the boss of a state owned bank with shares is by far the best way to ensure his loyalty to the cause. UK Chancellor George Osbourne and the Leader of the Opposition Ed Milliband have [IMHO] shown a short sightedness in siding with press driven public opinion instead of the national best interest. Let's face it, they won't be making such a fuss over Wayne Rooney's pay will they ?
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