PDA

View Full Version : Everyone relax, the good times are here again.



tea drinker
03-01-2010, 08:00 AM
http://www.independent.ie/lifestyle/independent-woman/celebrity-news-gossip/risiacuten-murphy-inspires-financiers-pound70000-spree-2084546.html



A financier spent almost £70,000 (€76,000) over two nights at a London nightclub on the week that RBS bonuses were announced.
When the hedge fund manager, who has not been identified, first tried to enter Aura Mayfair on Sunday he was refused entry because the club had been hired for a private party by Linda Farrow, the eyeware designer.

However, he eventually managed to persuade the staff on the door to allow him to join the party and “in appreciation” then spent more than £23,000 (€25,000) on champagne for guests.
The guests included Mathew Horne, the star of the television comedy series Gavin & Stacey, Sadie Frost, the actress, and Alexa Chung, the presenter. Róisín Murphy, the singer, was served the champagne as she performed.

“The man bought 40 bottles of Dom Perignon Rosé at £550 (€604) each,” a guest tells me. “They were dished out among the guests and to Róisín Murphy as she sang. A very good time was had by all. Bonuses are clearly back.”

On Thursday night, the man returned with a group of American bankers and spent a further £43,838 (€48,119). His bill, which included almost £6,000 (€6,580) for service, detailed he splashed out on 40 bottles of Cristal champagne, at £330 (€362) each.

When the bar ran dry of the normal bottles, the banker purchased nine magnums of Cristal – at £1,100 (€1,200) each - two £5,000 (€5,500) bottles of vintage Pommery champagne, two £360 (€395) magnums bottles of Grey Goose vodka and £70 (€77) worth of Red Bull.

A spokesman for the club refuses to comment.

:roll: :roll: :roll: :roll: :roll:

wotsnext
03-01-2010, 08:09 AM
Wait....I was thinking RBS was in trouble. :roll:

Atlantic Friend
03-01-2010, 08:10 AM
Wait....I was thinking RBS was in trouble. :roll:

Since when has this prevented top execs to get top bonuses?

wotsnext
03-01-2010, 08:14 AM
Since when has this prevented top execs to get top bonuses?

Yeah, you are right of course, it make one dispair at times.

Holycrusader
03-01-2010, 08:20 AM
Money well spend...

Atlantic Friend
03-01-2010, 08:24 AM
Yeah, you are right of course, it make one dispair at times.

It's one of modern society's marvels. The glorious captains of industry, who tell us that we have to make sacrifices now so as to score potential future gains, and who tell us it's a dog-eat-dog world where only the über-competent gets rewarded, award themselves colossal bonuses to drive businesses into the ground.

I re-watched "Enron : The smartest guys in the room" this week-end and it never ceases to baffle me how we can reward incompetence.

Billy No Mates
03-01-2010, 08:25 AM
it make one dispair at times.

Why??? , surely this is the trickle down effect in action,he gets a big bonus and spreads the love,the celebs feel good and as they stumble out and sling their spare change at the nearest tramp....everybodys happy mission accomplished economy sorted....

CMNot
03-01-2010, 08:42 AM
Wait....I was thinking RBS was in trouble. :roll:

The Independent have cleverly worded it so that it sounds like there is a story in this tabloid tatter.

It's a 'hedge fund manager' in the 'article', the RBS link is just there to try to stir some interest in a frankly, uninteresting story. The journo has his mouth so full of celebrity schlong, I'm amazed this isn't a copy and paste from Heat or Closer :roll:

tea drinker
03-01-2010, 09:09 AM
^ Do you not believe the story then CMN? It's pretty sensational if true.... which it seems to be.
Anyway here's more sauce:

RBS paid £1.3bn bonuses on profit of just £1bn




Royal Bank of Scotland paid its investment bankers £1.3bn in bonuses for making just £1bn in profit last year, not the record £5.7bn declared last week.

The state-backed lender's results show that £4.7bn of the investment bank's worst losses were hived off to the "non-core" division being wound down. Although the bank's split into "core" and "non-core" units has been well explained, the separation generously flattered the investment bank's numbers and allowed management to present it as a record year for the division.
Stephen Hester, chief executive, used the performance to justify the £1.3bn bonuses paid to investment bankers, at least 100 of which received more than £1m.


http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7340087/RBS-paid-1.3bn-bonuses-on-profit-of-just-1bn.html

Panchito12
03-01-2010, 09:49 AM
Europeans love that Red Bull crap.

CMNot
03-01-2010, 09:55 AM
^ Do you not believe the story then CMN? It's pretty sensational if true.... which it seems to be.

It's not that I don't believe it. It is simply that the Independents story is pure ****; linking a 'hedge fund manager' with RBS in the very laziest of ways. The most important part of the entire story, namely where the hedge fundie works, is completely omitted from the story. Very handy in spreading some outrage around.

Also, I'd take contention with the idea that RBS is screwed. They are bankrolled by the British people (courtesy of Labour, the party of the common man), and as such have very deep pockets. It's not RBS that takes financial risks or hits, it's you and I, the taxpayer. No wonder they're all laughing hard.

Mr.K
03-01-2010, 04:08 PM
The money was spent in a UK establishment, the man was just trying to stimulate the economy!

Atlantic Friend
03-01-2010, 04:30 PM
Europeans love that Red Bull crap.

Meh. The Monster drinks are funnier, but Red Bull makes bad whiskey barely palatable.

Bia
03-01-2010, 08:53 PM
I have two jobs and attend school... life is good.

420 kneegrows! :P