The RBS are at it again!!

WELL……WHAT A SURPRISE……The RBS are at it again….Oh what short memorys the bank chiefs must think the British public have……First we have the crazy situation where the bank is spending £300,000 on corporate entertaining at Wimbledon!!!!!!….

Customers of RBS, which is now more than 70 per cent owned by the government, will enjoy fine dining and champagne courtesy of the bank as they watch the tennis championships
at the All England Club….In 2008 it recorded the biggest corporate loss in British history and made thousands redundant….but hey….What the hell an email leaked to the Daily Mail describes the bank's booking of an "entertainment suite" for more than 42 guests for each of the tournament's 13 days, at a cost of at least £19,500 a day and in addition, the bank will pay up to £100 for each Centre Court seat and £75 a head for lunch….A spokesperson said…

"We have cut our hospitality by 90 per cent this year to recognise the reality of our situation. The cost of the Wimbledon event is already sunk in and contracted.”…..YEH RIGHT….Just where should I stick that bowl of strawberries!!!

The second bit of bare-faced cheek that’s just been revealed is…..

Royal Bank of Scotland's plan to pay chief executive Stephen Hester almost £10m…..This has been met
with anger by unions, who accused the state-owned bank of turning its back on the thousands of
staff who are losing their jobs…..This package, which has been agreed to by UK Financial Investments – which controls the taxpayers's 70pc stake along with the bank's other top-20 shareholders….Who no doubt all belong to the same clubs and watering holes. The package evidently consists of close to £6.4m of long-term share and stock option awards, as well as £1.2m in salary and an estimated £2m of annual non-cash bonus payments……The package is broadly in line with executive remuneration at some other UK banks. HSBC chief Michael Geoghegan's total package includes £7.5m in long-term awards on top of a £1.1m salary. However, Eric Daniels, chief executive of Lloyds Banking Group – which like RBS is part-nationalised – earns a basic of £1m and has a long-term incentive plan of no more than £2m…..My heart reaches out for him…..These buggers never learn and it was only to be expected that it would be business as usual in the financial institutions of Britain with just a game of musical chairs to keep the British public confused and “happy”……COME THE REVOLUTION!!!!!