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Jim Brown Mark Stedman/Photocall Ireland

Ulster Bank boss says he will give up bonus

The change of heart came just hours after he had repeatedly refused to discuss giving up his bonus earlier today.

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.

LIVEBLOG: Ulster Bank chiefs appear before Oireachtas committee >

Ulster Bank customers still receiving warning letters >

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38 Comments
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    Mute Ian Mac Eochagáin
    Favourite Ian Mac Eochagáin
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    Jul 5th 2012, 9:26 PM

    As my mother would say, “hang on, there’s a medal lying around here somewhere…”

    139
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    Mute Marcella Treacy
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    Jul 5th 2012, 9:15 PM

    And so he shud!!!

    122
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    Mute Mick Jones
    Favourite Mick Jones
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    Jul 5th 2012, 11:14 PM

    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!!!!

    152
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    Mute Mensah Mensah
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    Jul 6th 2012, 4:57 AM

    Politically incorrect..the whole lot of em..

    10
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    Mute Shit you not
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    Jul 6th 2012, 8:28 AM

    @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.

    11
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    Mute Fagan's
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    Jul 5th 2012, 9:52 PM

    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!

    112
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    Mute Paul Whelan
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    Jul 5th 2012, 9:34 PM

    Yeah and his expenses will magically increase to his bonus amount. Same as it ever was. Corrupt bankers. What a shocker.

    99
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    Mute dublinlad72
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    Jul 5th 2012, 9:17 PM

    Aw, how nice of him. Someone promote that man….

    99
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    Mute Mary Mc Carthy
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    Jul 5th 2012, 10:12 PM

    Give up his bonus ……. He should give up his job

    98
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    Mute john g mcgrath
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    Jul 5th 2012, 10:22 PM

    He must have felt at home not being able to answer questions directly while being asked by people who can’t answer questions directly

    56
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    Mute Mark O'Sullivan
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    Jul 5th 2012, 9:50 PM

    cowboys ted,a shower of cowboys

    89
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    Mute Stephen McLaughlin
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    Jul 5th 2012, 9:29 PM

    I would say i could easily live on the intrest from his bonus!!

    86
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    Mute Fergal Mc Williams
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    Jul 5th 2012, 9:42 PM

    Only in Ireland would this man be awarded a bonus in the first place.
    Not logical.

    78
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    Mute Disildoforus
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    Jul 5th 2012, 9:51 PM

    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!

    76
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    Mute John Sheahan
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    Jul 5th 2012, 10:34 PM

    Fair play to him. I think this calls for a bonus.

    71
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    Mute Eilish Deegan
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    Jul 5th 2012, 9:20 PM

    Just depends which bonus the big one or the little one.are we going to get a patience bonus

    56
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    Mute Gerard
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    Jul 6th 2012, 1:46 AM

    Wonder does he get overtime eilish?

    3
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    Mute Mustafa Cezar
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    Jul 5th 2012, 9:26 PM

    They should give up cheap out sources as well!

    55
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    Mute Too Trueleft
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    Jul 5th 2012, 10:22 PM

    Good stuff. Now, if only we could get the government not to breach their own salary caps for their special advisers.

    51
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    Mute ColumLawlorphotography Lawlor
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    Jul 5th 2012, 11:28 PM

    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…

    29
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    Mute Graham Rafter
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    Jul 5th 2012, 10:37 PM

    He is so good. Now I forgive the bank for all the trouble.

    29
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    Mute Thomas Hannigan
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    Jul 5th 2012, 11:49 PM

    Your Fired!THAT’S ALL HE SHOULD
    GET.

    28
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    Mute Shane O'Connor
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    Jul 5th 2012, 11:12 PM

    Ah sure if he banks with Ulster Bank he will get paid twice anyway!!

    28
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    Mute Mike Thornton
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    Jul 5th 2012, 11:38 PM

    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.

    24
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    Mute Nicola Monaghan
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    Jul 5th 2012, 11:29 PM

    I wonder who’s giving all the red thumbs to comments about how useless UB and this man is……… :P

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    Mute Hammer Time
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    Jul 5th 2012, 10:53 PM

    Thats very kind of him!

    20
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    Mute Martin Dorgan
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    Jul 6th 2012, 1:25 AM

    Who would contemplate giving a CEO a bonus in this situation ? System failure,nothing learned.

    17
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    Mute Dhakina's Sword
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    Jul 5th 2012, 11:32 PM

    @ 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.

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    Mute Eileen Gabbett
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    Jul 6th 2012, 12:04 AM

    Dhakina’s Sword
    Very well said .

    6
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    Mute Lisa O Connor
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    Jul 6th 2012, 12:30 AM

    Fecken bonus heart bleeds the cheek of them bonuses my ars !

    16
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    Mute Carlin Ite
    Favourite Carlin Ite
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    Jul 6th 2012, 12:28 AM

    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

    8
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    Mute Adrian Domican
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    Jul 6th 2012, 8:19 AM

    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#%.

    5
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    Mute Sinead Taaffe
    Favourite Sinead Taaffe
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    Jul 6th 2012, 12:20 AM

    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

    5
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    Mute Ciara Humphreys
    Favourite Ciara Humphreys
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    Jul 6th 2012, 12:55 AM

    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.

    8
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    Mute Ibhar Mac Suibhne
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    Jul 6th 2012, 8:05 AM

    Both on a national and international level – The Banker are Public Enemy No 1 .

    3
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    Mute Barry Sheehan
    Favourite Barry Sheehan
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    Jul 6th 2012, 9:56 AM

    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.

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    Mute Barry Sheehan
    Favourite Barry Sheehan
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    Jul 6th 2012, 9:56 AM

    Heard

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    Mute Chris O'Brien
    Favourite Chris O'Brien
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    Jul 6th 2012, 2:45 PM

    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…

    1
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