How Will Hester Cope?

Well, the news of the day is that RBS Chief executive Stephen Hester has turned down his bonus, meaning he will just have to make do with a £1.2m salary instead. How on earth will he manage?

Hester was under a huge amount of pressure to turn down the bonus of almost £1m but it took him long enough to decide to do it, but he finally managed to utter the words through his painfully gritted teeth, while avoiding the venomous glares of his wife.

Instead, he’ll just have to be satisfied with claiming a salary of £1.2m per year but the government has said they will not block any future bonuses to be paid. So in other words, turn this one down, Stephen and no-one will be bothered next year when you accept a bigger one.’

Forgive me if I’m wrong, but I thought it was bonuses like this that caused the banking crisis in the first place so why are bankers continuing to be offered such amounts?

Do you know how much my bonus was last year? £83 before tax, meaning I came out with about £50. This guy gets £1.2m per year and almost a year’s salary on top as a bonus. It’s absolutely obscene.

When you think of the fact that RBS is 83% owned by the British taxpayer, it begs the question, where’s our bonus? It was our money that helped bail out these banks yet do we see any reward? Do we get a nice fat cheque and a pat on the back to say thanks?

Do we bollocks.

We didn’t even get a choice in the matter. We were just told it was happening and that’s that. It’s just typical of a government to use our money and give it to someone else. And then they have the audacity to tell us to live within our means, while announcing that they are in dent of over one trillion pounds.

Yet more double standards from a government. I don’t know why Cameron didn’t just say ‘that level of bonus is obscene and we won’t allow it to happen.’ But he’s not going to do that is he?

I’m sure Hester (and his wife) will get over this decision but these decisions should not even be left for people like him to make. In fact, it shouldn’t even be a decision in the first place.

May the force be with you

Jedi Master Bob