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Old 21-01-2009, 4:31 PM   #1 (permalink)
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Northern Rock Bonuses!

Northern Rock Employees To Get 10% Pay Boost | Business | Sky News

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Northern Rock employees are to get a 10% pay bonus on Friday after they met targets on repaying a £25bn Government loan.


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Old 21-01-2009, 4:37 PM   #2 (permalink)
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Re: Northern Rock Bonuses!

Well done to them, wish I could take a loan out for that much and pay it so quickly
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Old 21-01-2009, 4:41 PM   #3 (permalink)
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Re: Northern Rock Bonuses!

nice to see out tax going to good use
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Old 21-01-2009, 4:45 PM   #4 (permalink)
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Re: Northern Rock Bonuses!

Now that's what I call rewarding failure.
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Old 21-01-2009, 4:50 PM   #5 (permalink)
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Re: Northern Rock Bonuses!

Well now that they've repaid the loan are they still nationalised or are they now a plc/private company again?

Also, now that they have repaid the loan surely they can now begin offering more deals than just a single above average SVR for existing customers.
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Old 21-01-2009, 4:54 PM   #6 (permalink)
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Re: Northern Rock Bonuses!

Very well done indeed.

It is the only organisation I know which has managed a forced ownership and at the same time force the new owners to pay them bonuses.

I need some of those business ideas.
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Old 21-01-2009, 4:54 PM   #7 (permalink)
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Re: Northern Rock Bonuses!

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Well now that they've repaid the loan are they still nationalised or are they now a plc/private company again?

Also, now that they have repaid the loan surely they can now begin offering more deals than just a single above average SVR for existing customers.
You mean pass benefits onto the public?!?!?!
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Old 21-01-2009, 4:59 PM   #8 (permalink)
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Re: Northern Rock Bonuses!

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You mean pass benefits onto the public?!?!?!
I take this as a big fat no then
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Old 21-01-2009, 5:00 PM   #9 (permalink)
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Re: Northern Rock Bonuses!

Agreed with above comment; this is rewarding failure.

Just imagine how the people feel, who have lost their homes and were booted out by Northern Rock???

Nice to see that YOU and ME; all the tax paying people in the UK, are giving these people £8.8 million.

? ? ? ? ? ?
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Old 21-01-2009, 5:07 PM   #10 (permalink)
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Re: Northern Rock Bonuses!

Does this mean I will get a bonus when I have repaid my mortgage?
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Old 21-01-2009, 5:09 PM   #11 (permalink)
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Re: Northern Rock Bonuses!

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Originally Posted by tony brazao View Post
Agreed with above comment; this is rewarding failure.

Just imagine how the people feel, who have lost their homes and were booted out by Northern Rock???

Nice to see that YOU and ME; all the tax paying people in the UK, are giving these people £8.8 million.

? ? ? ? ? ?
sums it up perfectly
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Old 21-01-2009, 5:13 PM   #12 (permalink)
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Re: Northern Rock Bonuses!

Also they have not paid off the full loan, only 25%......

Another bonus at 50% ?. Why not, it is only taxpayers money
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Old 21-01-2009, 5:20 PM   #13 (permalink)
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Re: Northern Rock Bonuses!

I'd like to get a loan where I get a bonus for meeting my repayments, I wonder where I can find one of these.
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Old 21-01-2009, 5:22 PM   #14 (permalink)
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Re: Northern Rock Bonuses!

This is obscene!
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Old 21-01-2009, 5:27 PM   #15 (permalink)
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Re: Northern Rock Bonuses!

If the Northern Rock staff have managed to turn things around so quickly, I'd say they actually deserve the bonus.

Most people expect a payrise for continuing to do their job just (as badly) as they always have done... at least the (remaining) staff at Northern Rock have earned theirs!


This to me is a success story, everything with regards to the Northern Rock bailout is going according to plan.

Result.
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