RBS, which has just been rescued with £20 billion of UK tax payer’s money, throws £1 million Christmas party – a modest amount according to his CEO Stephen Hester.
I am glad that for Mr. Hester £1 million is a pittance. However, this is enough to feed 3,000 African children for one year, provide half a million vaccination for malaria – the greatest killer of all diseases, or build schools in 50 villages.
But why go far? Many of ours schools here would be delighted to get only a few thousands dollars each to help with maintenance and acquire basic equipment so desperately needed.
So Mr Hester, as small as £1m might be for you, it’s not your money that you’re spending. It’s my money that you are using to save the bank. It’s me and a few thousands of my neighbours that pay your £1.2m a year salary (before bonuses).
If it were up to me, I would have saved few thousand children and not the bank, but it wasn’t my choice. The money was taken from me by the sword of the taxman. So don’t tell me it’s a small amount. If it is, I want it back.
playwrite27
Yes, it's enough to make anyone angry, all this abuse of the a nation's faith that business leaders will be responsible with their money--of course, these are the same business people that got us into this mess in the first place...so while bailouts help in the short term, it's being proven that long-term, these people are going to go on just the way they were, and that they haven't learned a thing, other than if they get into trouble, the government will bail them out, just like mum and dad when the constable comes to the door with an errant child in tow.
Over here, in the USA, our banks are continuing to give their execs millon-dollar bonuses, with our money--on the pretence of retaining the men is suit's services....as if the fear of losing one's job during a world-wide massive recession, wasn't incentive enough? I think we should fire the yobs in suits and re-hire people whom are happy to have a job, without the need of multi-millions in perks.