Posts Tagged ‘Stephen Hester’

As Hester still gets £6m bonuses, the utterly destitute lose Social Fund

by Michael Meacher.

There are two different universes at Westminster, completely disconnected. One is about Hester who has sacked thousands and still presides over RBS languishing at a share price only half of what taxpayers paid for in the bailout, but who has already on top of his £550,000 salary (£10,575 a week) gained £11m in bonuses and […]

Capping bankers’ bonuses: is that a promise, Ed?

by David Osler.

Getting one banker voluntarily to forego one bonus, one time, is the easy bit. But taking on the entrenched enrichissez vous ethos that pervades the financial sector will not be achieved by moral suasion alone. Don’t get me wrong, Ed Miliband has handled the Simon Hester affair in a manner that compensates – well, ever […]

The Miliband magic

by Michael Meacher.

What political leader in Opposition has ever stopped in its tracks what looked like irresistible momentum towards a disaster? No, I can’t think of one either. Certainly not Cameron – can you remember any of the positions he took during the 5 years before the 2010 election, apart from slyly posing beside a dog-sleigh in […]

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