Shame strategy
by digby
Oh, my goodness:
Stephen Hester, head of the Royal Bank of Scotland, gave way to heavy political pressure last night to forego his £963,000 bonus.
The final straw for the RBS chief executive appears to have been the looming threat of a vote in the House of Commons condemning the Government for failing to block the payment.
He is reported to have feared becoming "a pariah" over the controversy.
But here's the problem. He's going to be sullen and unhappy now and unwilling to create any jobs. And then where will we be? It's not like there's anyone else who can do his job. (Even worse, all the employees of the bank will be demoralized because they'll feel as if they work for the civil service. Or something.)
Big mistake folks. By not insisting that this fine fellow take his million pound bonus they've robbed average citizens of their badly needed jobs. I hope they can live with themselves.
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