• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Ten Commandments of Bailed-Out Banks

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Ten Commandments of Bailed-Out Banks

    1. You shall have no other stakeholders but the taxpayer

    2. You shall not take the names of your lawmakers or government officials in vain

    3. You will not increase base salaries or other perks

    4. You will not pay out any cash bonuses

    5. You will not spend money on corporate events, sponsorship or hospitality, even though to do so would help stimulate the economy

    6. You will cease all incentive events for employees, even though a demotivated workforce adversely impacts performance

    7. You will do away with your fleets of corporate jets, ensuring that your senior executives waste their time travelling to clients / engagements inefficiently, when they should be focused on strategy

    8. You will not compete in the marketplace, you will hire and retain only second-rate staff

    9. You will do nothing, spend nothing, produce nothing and earn nothing

    10. You will remain in hock to the taxpayer for all time

    (c) hereisthecity.com

    #2
    That is why they are desperate to pay the money back as soon as they can.
    Cut costs (staff), increase revenue (up up rates and charges) so they can get the governments off their backs and get back to mischief.
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

    Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
    Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

    "We hang the petty thieves and appoint the great ones to high office" - Aesop

    Comment


      #3
      Originally posted by HairyArsedBloke View Post
      That is why they are desperate to pay the money back as soon as they can.
      Cut costs (staff), increase revenue (up up rates and charges) so they can get the governments off their backs and get back to mischief.
      lending to consumers

      employing Menelaus so he can tell 'em how and

      listening this time when Menelaus tells 'em there's a sh!t-storm coming

      Comment


        #4
        Oh, the irony

        This is either massively complacent or massively ironic - where's the tongue in cheek smiley? Banks are in deep tulip because of the decisions that their senior management made, not due to external event beyond their control. Yet there are still people sufficiently deluded enough to see themselves as "masters of the universe". How drole.

        Comment

        Working...
        X