RBS Bonuses, Bullying & (more) BS


BBC News – Royal Bank of Scotland announces £3.6bn of losses

In the style of “Points of View”: Why oh why oh why are we subjected to numerous column inches, hours of discussion, Select committee interviews, general politicking and bullsh*t on what are patently SYMPTOMS!?

It is all just further evidence that it is the CULTURE that needs to change before anything else of any real significance or permanence will occur.

Merciless leader Top performer

As far as RBS is concerned, it is pretty common knowledge that their “disgraced”, but unpunished and not impecunious, former leader has a track record akin to  Genghis Khan at the peak of his powers. Ok, so in keeping with modern etiquette his enemies were only put to the literal (financial) sword…whilst he is STILL a Knight of the Realm. Many of them, deemed to be ”traitors” from within his own ranks, suffered…along with their, equally innocent, families…as a direct result of their familiarity with old fashioned values – like Governance, Risk & Compliance

A great quote sprang to mind:

“IF YOU CAN’T CHANGE THE PEOPLE…CHANGE THE PEOPLE”

So Stephen Hester tells us that “…… some of our best-performing people have been leaving in their thousands”. As a taxpayer and, therefore, shareholder – for what that is worth – I am delighted to hear these greed merchants and acolytes of a disgraced and discredited regime are taking their “skills” elsewhere. PERHAPS THEN THE EMPHASIS MAY SWITCH TO DELIVERING THE TYPE OF PRODUCTS, SERVICES AND INVESTMENT STRATEGY THAT COMMENCE THE PROCESS OF REBUILDING TRUST.

START TREATING THE PEOPLE THAT YOU DO BUSINESS WITH AS STAKEHOLDERS (not idiots) AND DEMONSTRATE THAT YOU ARE SERIOUS ABOUT “CHANGE”. OTHERWISE TAKE THE KID GLOVES AND SHEEPS CLOTHING BACK TO THE FANCY DRESS SHOP. WE AIN’T BUYING IT!

One Response to RBS Bonuses, Bullying & (more) BS

  1. Reblogged this on Get "fit for randomness" [with Ontonix UK] and commented:

    Correction: Mr Goodwin is no longer a Knight of the Realm (you may have heard!?). Even as I write these words I can’t quite believe it: I feel sorry for him! He is the scapegoat for an industry and a culture that was “lauded” by Politicians and ignored by THEIR Regulators because the increased tax revenue came in handy and insistence upon “due diligence” may have unduly affected their own career paths!

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