Come clean on Northern Rock bonuses
Last updated at 12:24, Tuesday, 16 March 2010
Northern Rock has announced reduced losses in 2009, losing only £383 milllion.
Despite this the bank will pay out bonuses of £14.9m.
These can only be from the massive injection of UK taxpayers monies.
The Chief Executive Gary Hoffman has stated that he will waive his £700,000 bonus – an amount for service in one year that in itself is 35 years of income for someone earning £20,000 a year. These bonuses are nothing other than obscene.
It is time that Labour and the Tory opposition told us how they would end this culture.
AJ STUBBS
Broad Street
Carlisle
First published at 11:28, Tuesday, 16 March 2010
Published by http://www.newsandstar.co.uk
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