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Threat of vote cost Hester his bonus, argues Miliband

January 30, 2012 3:35 pm

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Anonymous
Lol, I was wondering how long it would take Ed to try and take the credit for this….
Mike Murray
It certainly did. Ed’s strategy of threatening a vote on the issue check mated the Tories and their Liberal Democrat stooges and forced them into action. The Coalition are all talk when it comes to curbing top peoples’ pay. Instead they attack what they call the “entitlement culture” of people who can’t find work and have to live on just a few quid a week. Meanwhile, the “entitlement” culture of those who think they should be paid wheelbarrow loads of cash for ripping the rest of us off goes on and on. Indeed, they are rewarded with a cut in Corporation Tax. Now we need more of them to decline their bonuses.
Anonymous
I can understand that Ed does not want to be associated with New labour or that other labour, but he was part of one of the most shocking bonus cultures ever seen, but America has just seen bonus payments of £39 billion and like it or not the UK banking and the American and Asian banking and financial sector are intertwined, and like it or not a top class director will be able to move between these banks. The fact is the other banks are going to pay out large bonus payments and if these are not stopped then Mr Miliband will sadly be looked at as a chap who jumps on band wagons.
But why when he was a minister within Brown government did we not hear his voice when Brown saw some of the worse abuse.

Mike Murray
Yours is the usual Tory justification for allowing the bankers and others in the financial services to be paid shedloads of money. The Tories and their Lib Dem stooges, as principal shareholders were in a position to stop the RBS bonus. They did nothing. It was only when Ed threatened to force a vote on the issue that the Blue and Orange Tories backed down and Hester declined his bonus. A brilliant Strategy by Ed. He has triumphed on phone hacking and the RBS bonus. No wonder the Blue and Orange Tories want the Labour Party to get rid of him and Cameron’s media want to rubbish him.

Anonymous
Mike, you in particular should be able to see the real issue here.
It’s not the bonuses, it’s the profits that deliver them.
Attack bonuses and you attack individuals, making you look envious and authoritarian.
Attack the profits, that’s where there is hay to be made…

Anonymous
Just had an email back…..Hester pay award and bonus was put forward by the Banks remuneration committee and it had to be given the green light by the tax payers representative which of course is the Tory government as the legal representatives of the people.
Their was never any legal accountability from the Labour party with wages or remuneration of the banking bosses pay or bonus agreement it was left to the committee, but is that not the problem should the Labour Government not have stated look if your taking this money then you dam well not pay out bonuses.
What a mess, from all sides and Miliband jumping on the band wagon saying look it was me who stopped this is total rubbish, labour belives it will get back in by running around saying it was me I did that, without having to end up saying this is what we are going to do is lala land

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