Bankia executives ordered to pay back bonuses Bankia executives ordered to pay back bonuses
Posts 1 to 6 of 6
  1. #1

    Super poster

    The Spartan has more data than eek

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,114

    Default Bankia executives ordered to pay back bonuses

    Bankia executives ordered to pay back bonuses | Business | guardian.co.uk

    Oh and they've capped all the bonuses executives receive at state rescued banks, seems fair to me.
    In Scooter we trust

  2. #2

    Obstinate Git

    Mich the Tester is NOT a disguised employee

    Mich the Tester's Avatar
    Join Date
    Sep 2008
    Location
    Euroland
    Posts
    27,890

    Default

    bonuses were agreed in April when the bank claimed 2011 profits of €300m. But auditors refused to sign the accounts and the bank eventually recognised a €3bn loss
    If they'd allowed the bank to go bust the directors could be prosecuted and taken to the cleaners.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

  3. #3

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    103,366

    Default

    I wonder how much of this money went straight offshore?

    I bet a few will move abroad.

  4. #4

    My post count is Majestic

    vetran is always on top

    vetran's Avatar
    Join Date
    Jul 2005
    Location
    Come Friendly Bombs
    Posts
    31,292

    Default

    bonuses were agreed in April when the bank claimed 2011 profits of €300m. But auditors refused to sign the accounts and the bank eventually recognised a €3bn loss

    bit like the EU then but the Auditors don't sign them off.


    must be some way of prosecuting them of misreporting?
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  5. #5

    Super poster

    The Spartan has more data than eek

    The Spartan's Avatar
    Join Date
    Nov 2011
    Location
    Macron Country
    Posts
    3,114

    Default

    Quote Originally Posted by BrilloPad View Post
    I wonder how much of this money went straight offshore?

    I bet a few will move abroad.
    Perhaps they should branded so it's easy to identify those that worked at failed banks lol, in all fairness it depends on what role they had at that bank. Do Lloyds and NatWest now cap bonuses for executives?
    In Scooter we trust

  6. #6

    Obstinate Git

    Mich the Tester is NOT a disguised employee

    Mich the Tester's Avatar
    Join Date
    Sep 2008
    Location
    Euroland
    Posts
    27,890

    Default

    Quote Originally Posted by vetran View Post
    bit like the EU then but the Auditors don't sign them off.


    must be some way of prosecuting them of misreporting?
    Dunno, but in most EU countries if there are irregularities in the accounts in the case of bankruptcy of a limited company then directors can be held personally liable in bankruptcy court. Of course, our wbanker friends with their MBAs and business school edjumakayshun avoided bankruptcy proceedings by getting state subsidies for their failed businesses, paid for by those of us who are capable of running a profitable business and handing in correct and audited accounts on time.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •