RBS cuts bonus payments

RBS cuts bonus payments; London:INTKen Clarke MP (Shadow Business Secretary) interview SOT- Idea that a bonus is payable in a company which has completely collapsed, I find quite incredible, I would therefore want to query this legal advice, so I would no doubt argue about it / [Asked about David Cameron saying he would 'tear up the contracts'] Well all right, yes we take the same view as meGIR:INTVince Cable MP (Liberal Democrat Deputy Leader) interview SOT- Don't want to pick on low paid workers, but none the less in these circumstances there is no justification for a large bonus payoutLondon:EXTBottles of wine displayed in window of Green Door Bar & GrillPerrier Jouet bottles of wine in restaurant windowSign for Oysters,Cocktails & Wines in streetINTAlistair Darling interview SOT- Both the Americans and the French have capped the earnings of the top 20 or so executives but they can still get stock options, bonuses and shares / we've gone further than that, we're looking at a whole change of culture throughout the entire bankThe City:EXTRBS employee outside headquarters building saying 'incredibly disappointed' SOTVarious of RBS staff leaving office
RBS cuts bonus payments; London:INTKen Clarke MP (Shadow Business Secretary) interview SOT- Idea that a bonus is payable in a company which has completely collapsed, I find quite incredible, I would therefore want to query this legal advice, so I would no doubt argue about it / [Asked about David Cameron saying he would 'tear up the contracts'] Well all right, yes we take the same view as meGIR:INTVince Cable MP (Liberal Democrat Deputy Leader) interview SOT- Don't want to pick on low paid workers, but none the less in these circumstances there is no justification for a large bonus payoutLondon:EXTBottles of wine displayed in window of Green Door Bar & GrillPerrier Jouet bottles of wine in restaurant windowSign for Oysters,Cocktails & Wines in streetINTAlistair Darling interview SOT- Both the Americans and the French have capped the earnings of the top 20 or so executives but they can still get stock options, bonuses and shares / we've gone further than that, we're looking at a whole change of culture throughout the entire bankThe City:EXTRBS employee outside headquarters building saying 'incredibly disappointed' SOTVarious of RBS staff leaving office
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Date created:
17 February, 2009
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t17020903_3987.mov