I think Mr h is worth 2.1M bonus.. hang on I have been drinking heavily all day. Anyway what was saying... good luck Mr h
Hester faces pay revolt: RSA Boss Stephen Hester faces becoming embroiled in a fresh pay row, with the insurer’s largest investor set to protest over his £2.1 million salary and bonus package
1 Apr '15
Who gives a flying
about the pension scheme deficit? One thing's certain and that's Hestor is not a beneficiary so it's in his interest to sort out the deficit according to the needs of the company. Also people are forgetting that a deficit is at a fixed point in time and can completely change (for worse or better) almost overnight. It's the discount rate on long term bonds that are the issue, not the RSA PS. GI is an easy game as long as the risk management is sorted, that's what investors need to check. Oh, and yes, I am invested here (average at 440 ish)
30 Mar '15
What's that, you say?....This CEO is a greedy PA, RA-SOLE? Hold on, with any luck he may be dumped by 2016
29 Mar '15
alb1on, I take on board everything you have responded with and agree to a point. However I am almost certain that a large number of employees that have been paying into a final salary scheme for more than 20 years, have now been switched over into defined benefits/pension pot schemes on an accrual basis. They used to quote their fantastic final salary pension scheme in almost every recruitment advert they put out. It should be treated the same as other pension changes as you have indicated. They should agree to split the pension payment, on retirement according to how many years you paid in under final salary and how many under newer scheme. E.G. worked 44 years and for first 33 years paid into final salary scheme, then 3 quarters of pension should be based on your actual final salary and the rest according to the new sheme arrangements. Seems Dick Turpin rides again!
27 Mar '15
THAT'S how you get to be a Times Top 100 Employer! Goodness knows what a Bottom 100 Employer must be like!
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