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ULSTER BANK CEO Jim Brown has said he will not take a bonus this year, just hours after he had repeatedly refused to discuss giving up the payment.
In a statement released late this evening, Brown said that he has informed the Ulster Bank board that he does not wish to be considered for an annual bonus for 2012. He said that he is personally committed to re-earning the trust of customers.
The move comes six days after the head of RBS, which owns Ulster Bank, said that he would give up his bonus.
Brown refused to give details on how much he is paid or how much his bonus is worth when he was questioned by Independent TD Shane Ross this afternoon.
Brown and two other senior managers at Ulster Bank/RBS appeared before an Oireachtas committee today to answer questions about the technical problems at the bank which have been been affecting customers for 16 days.
Brown told the committee that he would ‘guesstimate’ that between 500,000 and 600,000 of the bank’s customers have been affected by the ongoing glitch.
The bank representatives said that customers will receive compensation for the problem.
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As my mother would say, “hang on, there’s a medal lying around here somewhere…”
And so he shud!!!
Hold on..why is nobody focusing on the fact that he actually receives a bonus in the first place??!!! Bankers of all people in this day and age getting bonuses?!!? Thats just completely taking the piss and rubbing our noses in it!!!!
Politically incorrect..the whole lot of em..
@mick, it’s up to ulster bank wether they want to give bonuses. They were not bailed out at all by the government so they can do what they want.
Your bank hasn’t been able to function for nearly 2 weeks. Companies that bank with you cannot pay staff, cannot function. Screw your bonus, you have to resign. The buck stops here!
Yeah and his expenses will magically increase to his bonus amount. Same as it ever was. Corrupt bankers. What a shocker.
Aw, how nice of him. Someone promote that man….
Give up his bonus ……. He should give up his job
He must have felt at home not being able to answer questions directly while being asked by people who can’t answer questions directly
cowboys ted,a shower of cowboys
I would say i could easily live on the intrest from his bonus!!
Only in Ireland would this man be awarded a bonus in the first place.
Not logical.
He wont take his bonus but I bet his salary will be massively increased next year to make up for his loss of bonus this year!
Fair play to him. I think this calls for a bonus.
Just depends which bonus the big one or the little one.are we going to get a patience bonus
They should give up cheap out sources as well!
Good stuff. Now, if only we could get the government not to breach their own salary caps for their special advisers.
I hate ulster bank..i know that sounds a bit ott,but they are so arrogant , when the government demanded in the past that they pass on the interest rate cuts to their customers, they basically told the government to take a run and jump..they have the highest variable interest rate in the country and are crucifying ordinary decent people…
He is so good. Now I forgive the bank for all the trouble.
Your Fired!THAT’S ALL HE SHOULD
GET.
Ah sure if he banks with Ulster Bank he will get paid twice anyway!!
Have not received four weeks of pay into my Ulster bank account. Lodgements are not available. Any ATM withdrawals are immediately debited and to top it all I have been double debited for purchases to the tune of ?500.
I wonder who’s giving all the red thumbs to comments about how useless UB and this man is……… :P
Thats very kind of him!
Who would contemplate giving a CEO a bonus in this situation ? System failure,nothing learned.
@ Too true. Agreed, but the only chance we’d have of that happening, is if we invented a time machine and the whole electorate went back and swiped the mandate out of their thieving, lickspittle clammy hands. Come to think of it, there’s more chance of that happening, than the toadying upright corpses, that lyingly claimed to represent us, would ever rise to the challenge that was set before them. To their eternal shame, they accepted, knowing all the time that they never intended to keep their promises. It was all lies. Lies of silence when you know that you should speak the truth. Lies of unspoken truth that would have undermined the party lie when you claimed that you were loyal to the people. Selling out your country at one of its darkest hours, is something that I personally will never forget. Nor will I forget the architects and the authors of those lies, who we now see rewarded, in breach of those very same commitments. It is, and always has been, but a sparkling facade of sincerity and honesty, and behind this crooked veil, lies only utter contempt and malice.
Dhakina’s Sword
Very well said .
Fecken bonus heart bleeds the cheek of them bonuses my ars !
They will just rephrase it do won’t be actually be called a bonus. Bankers now rule the world and pr companies help us swallow it with honey. Who invented the term too big to fail…..THE BANKS, who helped us swallow it
They were too cheap to replace and old system and it will cost them. Not just in monetary terms. I went in my local branch to withdraw ?220 they said it was ?2200. They admitted the teller made an error. On my next trip they told me the same thing. What a load of sh#%.
just wondering, if you havent had money go into your account since this started but you’re due money in next week does it go in or could the account be part of the glitch even if money hasnt gone in since it happened? Sorry if that makes no sense to people xD
Money received after the “glitch” was fixed is still not going in on time. My salary was due in on June 29th, still no sign.
Both on a national and international level – The Banker are Public Enemy No 1 .
Hear a rumour that there is nothing stopping a person from presenting the same wages slip for payment at different branches of Ulster Bank as the Bank can’t access the employer’s account or the employee’s account to see if the wages were previously paid.
Heard
Honestly, the balance of HIS account should be used to give all affected customers money, until this is sorted, if he runs out, move down the ranks, for as long as it takes to get people their money back…
…assuming of course they ACTUALLY know how much money you’re meant to have…
In the states the number of lawsuits out of a cock-up like this would be staggering… AND this would already be resolved…
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