Will they NEVER learn ? ( The fat-cat bankers ).

[John]

Just ignore the example of banking without bonuses I have given.

There are many jobs that still give bonuses - they are called
incentives in some areas.

They are all based round profit.

Yes - I would agree this government just gave money away without
commitment. But that is Brown's way.

Not forgetting that this can be paid back in kind and jobs when he leaves
government.

Not unlike how Blair was paid off.

[Papaumau]

I have never been about getting cash incentives for doing a good job over the long term, I am against these already-rich fat-cats getting MORE when they have never earned it or even need it.

The spurious argument that they have to keep paying these top executives the big money or they will lose their "talent" is nothing but a smokescreen as if they were all forced to pay the same at that level the practice of head-hunting would stop and they would only get what they are worth and nothing more.

Many of these top-earners in the past have been paid for failure and even when their failure has been pointed out they STILL get to parachute out with big golden handshakes and even bigger pensions.

The worst offender in these stakes  - Fred Goodwin of The RBS - has been allowed to get all of these perks and has STILL finished up in a highly-paid consultancy job.

It's a racket I tell you and the quicker these overpaid and useless idiots are caught out and dumped the better for everybody in Britain.

[John]

I agree with you on everything except:

"I have never been about getting cash incentives for doing a good job over the long term"

Because that is you - many expect this now on certain projects.
It really does depend on the job and comes in many guises.
This is one that may not be thought of:

Doctors for instance want to save costs, not for the NHS. Because they get the
savings - that is their incentive.

The 'talent' can be a cloak for nepotism and being in the
Club, or wearing the right school tie.

The real talent will be somewhere else -
normally sub-divided so they do not
realise just how important  they are to
the organisation.

[Papaumau]

Yeah, of course they "expect it" as they have always traditionally been able to hold the taxpayers and the government to ransom by what they do or don't do.

Just because they traditionally CAN do this does not mean that they should be allowed to keep on doing it.

[lwt big cheese]

I wonder if the pensions that Civil Servants get can be considered in the same light?

[Papaumau]

I guess it all comes down to what is right and fair !

I see no reason why the private sector should not be able to provide their workers with decent final salary pension schemes just like the public sector does.

In my mind "two wrongs never made a right!"

If any person works for any length of time for ANY employer it should be their right that they be able to retire at a fair degree above the poverty trap level. This is - or should be - the reward for doing a good lifetime of dedicated work.

[John]

lwt big cheese - this was not a genuine post, he
was trying to wind you up...

[Papaumau]

He is not winding me up, but I thought that his point at least required an answer. If he doesn't listen then that is to his loss.

Maybe other people are paying attention to what I say even if he is not !

[John]

I doubt it.

Just winding you up!

There are people searching and reading all sorts of matters on the net.

Some points they will just throw away but someone somewhere will
think - yes he his wrong or right or whatever gauge they use.

That is why I believe it is very important to express yourself. Because
when the people appear totally mindless. The truth will just be turned
to lies for convenience.

We must never forget Iraq and the Labour PM Blair.

He was an out and out liar regarding this. Supported by Brown.

We must never forget this.

[Papaumau]

If we want to get on to the Iraq war, that was ninety percent BLAIR ! Brown was Chancellor and not in any position to survive if he went against the main concensus in the cabinet at that time.

I think that most of us would hope that he - Blair - will get a good grilling at the enquiry and if he does we will then see who was to blame for that particularly disastrous move.

You REALLY DO have your knife into Brown's back don't you ?