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António Horta-Osório, chief executive of part-nationalised Lloyds Bank has apparently been forced to take a leave of absence on doctor's orders due to "extreme fatigue" after only months in the job. This man has a current base salary is £1.06m and on top of this he receives annual pension contributions equal to 50pc of his "reference salary", which is calculated at £1.22m, handing him a further £611,000. Yes, that is so.
High rank bankers (not the poorly paid staff in branches) live in a world of their own. If he was a normal worker he would have been kicked out of his job before he fully recuperated from his illness and got even more sick and left with a black mark on his CV.
Omg!! Is he not up to the post one has to ask? Or is it our econonmy is that much of a crisis and it's all got on top of him and he is fatigued with it all??!! It doen't give us much confidence!! He is getting paid (over-paid) to sort it out!!! I bet he's still getting paid while on the sick...
Poor poor man my heart bleeds. Such a "pittance" amount of money he is earning!!!!!!!!!!!!!!!!!!!! Sounds like he needs to stand down if the job is too much for him and with his pension and payouts I think he might JUST
manage. Bless Him.
Poor soul, are we all full of sympathy.......??
O deer he must be realy fatigued sitting on his butt in his posh office with staff kissing his but every hour of the day. Perhaps he should try working in a manual job for a while.Yet again the strain of doing his own lifting and carrying might just kill him off.
He wants to try getting up at 3.30 a.m. in the morning, driving to work miles away, then getting in a 40 ton lorry and driving until your hour's run out, driving back home and eating your tea late at night, then showering and straight to bed day after day sometimes too many day's to mention. NO I don't have any sympathy for him but I did for my husband who never ever moaned even in the depth of winter
Oh dear, makes my life of hard work seem so worthless. And my disabled husband still carries on and hasn't had a day off sick in the last year. Even when he was recently really bad with a cold, he worked from home for a few days.
Oh Diddums poor old darling, he's probably exhausted and suffocating under the weight of all our money...
Magnate, you make the point exactly - it's the old adage - "one rule for the rich......... In a so called "modern" democracy, the old rule still applies. This government (like the previous one), continues to protect the rich, not only in banking, but across the board. The rich don't know that there is an economic meltdown - while the "plebs" - you me and nearly everyone else pay the price. It's sick and I hope the multi-millionaire ex public schoolboys who run this country take pity on us poor plebs at some stage, but don't hold out for it.
Whatever your rank or salary within an organisation you need to be fit enough physically and mentally to cope with the demands of the job. It sounds as though that was not taken into account when he was employed as it would have been for anyone lower down the pecking order. Maybe the problems of the bank are worse than he thought, but a chief executive is there to delegate and manage. If he has taken everything onto his own shoulders to the extent that he can no longer work then he is unsuitable for the job and should be replaced.
magnate, great post. I bet he has at least a 3 yr contract, coming due if he is "unable" to do his job. These top guys (yeah they are mostly guys) have a very powerful clique. The highest rewards are for failure, but that has not stopped the FTSE 100 directors awarding themselves an average 47% pay increase in the last 12 months. This arrogant elite pay a way lower % of their salaries to tax than an average earner. How much money and power over their employees do these (largely) psychopathic ppl need ?? Greed Greed and more Greed. Our government will act to reduce the gap between FILTHY RICH and the poor, won't they ? Well as much as multi-millionaire, ex public schoolboys, and members of the bullingdon club can. I mean it needs to be a slow process, to minimise the stress on the filthy rich. After all, they are people, and getting them to pay more tax is very stressful on them. God bless the filthy rich.
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