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  #1  
Old 11.12.2009, 11:02
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Northern Rock what a nightmare, just what are they doing?

After the UK Government took over the crashed Northern Rock Bank "NRB" and hopes that they would see the right path to its success again, its unbelievable to find out that they are doing just the same types of idiotic mistakes again!, I have property in the UK with an outstanding mortgage with NRB and I have let the property out with the permission from NRB and every year they seem to screw up the Home Insurance, the Mortgage account payments etc..... I am having to constantly call them to rectify their errors

Then today I find out that they have been paying for a Swiss CFO to fly every week from Zurich to Newcastle or London at a rate of 2kGBP per week on flight expenses, Now to me thats seems very clear where the UK taxer payers money is going

http://www.dailymail.co.uk/news/arti...itzerland.html

There are many other words I would like to say here but I am sure the EF`rs would not like to hear these words
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Old 11.12.2009, 11:04
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Re: Northern Rock what a nightmare, just what are they doing?

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After the UK Government took over the crashed Northern Rock Bank "NRB" and hopes that they would see the right path to its success again, its unbelievable to find out that they are doing just the same types of idiotic mistakes again!, I have property in the UK with an outstanding mortgage with NRB and I have let the property out with the permission from NRB and every year they seem to screw up the Home Insurance, the Mortgage account payments etc..... I am having to constantly call them to rectify their errors

Then today I find out that they have been paying for a Swiss CFO to fly every week from Zurich to Newcastle or London at a rate of 2kGBP per week on flight expenses, Now to me thats seems very clear where the UK taxer payers money is going

http://www.dailymail.co.uk/news/arti...itzerland.html

There are many other words I would like to say here but I am sure the EF`rs would not like to hear these words

"A spokesman said: 'Ann Godbehere is a highly experienced and respected finance director appointed by the Government who met the requirements of Northern Rock during the intense period of activity following nationalisation. "

ROI, maybe she saved the company a lot more than she cost it... I hope so at least.
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Old 11.12.2009, 11:05
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Re: Northern Rock what a nightmare, just what are they doing?

Are you surprised?

It is due to our politicians, protected people, powerfull people in our society.

They decide with their little brains filled with thoughts of "power", "money" and "how to stay in place", rather than serving their country.

Now, look MP expanses scandal. HAHA
Look RBS bonuses, HAHA
etc...

Well HA.HA.

Be ed and be quiet, and don't forget to pay your taxes: they need it as much as poor people need their benefits.
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Old 11.12.2009, 11:10
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Re: Northern Rock what a nightmare, just what are they doing?

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...
Be ed and be quiet, and don't forget to pay your taxes: they need it as much as poor people need their benefits.

When will we ever get out of this barrel ???
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  #5  
Old 11.12.2009, 11:15
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Re: Northern Rock what a nightmare, just what are they doing?

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Are you surprised?

It is due to our politicians, protected people, powerfull people in our society.

They decide with their little brains filled with thoughts of "power", "money" and "how to stay in place", rather than serving their country.

Now, look MP expanses scandal. HAHA
Look RBS bonuses, HAHA
etc...

Well HA.HA.

Be ed and be quiet, and don't forget to pay your taxes: they need it as much as poor people need their benefits.

Quite frankly no I am not so supprised, but you don`t see me laughing as freely as the idiots who are running the show,

The money going into these peoples pockets come from hard earned taxes by the same poeple who are suffering and loosing their properties in the UK too!
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  #6  
Old 11.12.2009, 11:18
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Re: Northern Rock what a nightmare, just what are they doing?

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There are many other words I would like to say here but I am sure the EF`rs would not like to hear these words
Have faith in the swear word filter.

If you're a customer, then buy a share, get involved and vote at the AGMs.
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Old 11.12.2009, 11:21
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Re: Northern Rock what a nightmare, just what are they doing?

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Have faith in the swear word filter.

If you're a customer, then buy a share, get involved and vote at the AGMs.
I surely do and have done so
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Old 11.12.2009, 11:57
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Re: Northern Rock what a nightmare, just what are they doing?

2 k GBP per week? Is that your problem? How much does she earn per week? I think those are peanuts compared to certain bailout plans or gambles.

Seriously, there are worse things happening than some OTT flight expenses... but they are more difficult to explain, so the tabloids prefer the stupid discussions.
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Old 11.12.2009, 12:14
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Re: Northern Rock what a nightmare, just what are they doing?

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2 k GBP per week? Is that your problem? How much does she earn per week? I think those are peanuts compared to certain bailout plans or gambles.

Seriously, there are worse things happening than some OTT flight expenses... but they are more difficult to explain, so the tabloids prefer the stupid discussions.
As quoted:
"Northern Rock accounts published yesterday show she earned £786,000 last year having joined the lender in February after it was nationalised.

After expenses the total bill to the taxpayer was £959,000 for little more than 10 months' work.

Northern Rock said that once tax and national insurance payments were taken into account, Ms Godbehere's travel bill was £95,000 for 10 months or just over £2,000 a week".

What sort of peanuts do you buy for 2K per week are they goldcoated
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Old 11.12.2009, 12:24
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Re: Northern Rock what a nightmare, just what are they doing?

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What sort of peanuts do you buy for 2K per week are they goldcoated
No, but this lady is one of the few who are not responsible for the mess, but hired later on to tidy up the mess. She is highly educated and has the skills and experience to fix it - something you will not find very often.

She was furthermore available and interested to do a quite frankly ****** job. I guess I would rather be CFO of a financially healthy organisation and not Northern Rock.

So I am not surprised that she managed to negotiate herself a decent deal and I am sure that those travel expenses were agreed up front as in "I just take the job if I can spend my weekends in CH and you pay the flights in business". I found her income quite ok compared to the excesses that are common in London. And frankly: I would have expected her to ask for more if she was supposed to be the scapegoat who has to now take the negative decisions...

This is peanuts compared to pretty much any of those crazy initiatives governments around the world have started to fight the financial crisis.
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Old 11.12.2009, 12:30
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Re: Northern Rock what a nightmare, just what are they doing?

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No, but this lady is one of the few who are not responsible for the mess, but hired later on to tidy up the mess. She is highly educated and has the skills and experience to fix it - something you will not find very often.

She was furthermore available and interested to do a quite frankly ****** job. I guess I would rather be CFO of a financially healthy organisation and not Northern Rock.

So I am not surprised that she managed to negotiate herself a decent deal and I am sure that those travel expenses were agreed up front as in "I just take the job if I can spend my weekends in CH and you pay the flights in business". I found her income quite ok compared to the excesses that are common in London. And frankly: I would have expected her to ask for more if she was supposed to be the scapegoat who has to now take the negative decisions...

This is peanuts compared to pretty much any of those crazy initiatives governments around the world have started to fight the financial crisis.
So now she works at UBS

"Ann Godbehere, the former chief financial officer for nationalised bank Northern Rock, and Michael Demaré, the former chief financial officer for automation technology company ABB, have been nominated to the board of UBS."

Haha now the flights should be a little less
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Old 11.12.2009, 12:41
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Re: Northern Rock what a nightmare, just what are they doing?

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So now she works at UBS

"Ann Godbehere, the former chief financial officer for nationalised bank Northern Rock, and Michael Demaré, the former chief financial officer for automation technology company ABB, have been nominated to the board of UBS."

Haha now the flights should be a little less
I guess this posts translates into "I have no idea what a board is and how it works... is it one of those you can use instead of skis?"

She will probably continue her current job and every now and then have a board meeting... which is not unlikely in Zurich... or London... or New York.
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Old 11.12.2009, 13:09
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Re: Northern Rock what a nightmare, just what are they doing?

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I guess this posts translates into "I have no idea what a board is and how it works... is it one of those you can use instead of skis?"

She will probably continue her current job and every now and then have a board meeting... which is not unlikely in Zurich... or London... or New York.
Ah lets see,
1.Are you a UK Expat?
2.Have your ever paid taxes in the UK?
3.Have you ever been offended by fat cats who jump from board to board in companies and earn fat ar*se salaries moving from company to company.
4. Do you have the right to vote in the UK?
5. Have you seen the difference between the voting here and the UK.
6. How do you know if this person has done such a good job in such a short period of time?

Well all above I answer to yes except for the last one!

Well I guess thats spoken from the heart of Swiss and British National!
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Old 11.12.2009, 14:43
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Re: Northern Rock what a nightmare, just what are they doing?

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Ah lets see,
1.Are you a UK Expat?
2.Have your ever paid taxes in the UK?
3.Have you ever been offended by fat cats who jump from board to board in companies and earn fat ar*se salaries moving from company to company.
4. Do you have the right to vote in the UK?
5. Have you seen the difference between the voting here and the UK.
6. How do you know if this person has done such a good job in such a short period of time?

Well all above I answer to yes except for the last one!

Well I guess thats spoken from the heart of Swiss and British National!
Your questions are funny. You mentioned that the lady will work at UBS. I only tried to tell you that a potential board membership is not a full time job.

Do you think the UK is so different from the rest of the world? Example of a German top manager: "Daneben ist Cromme Vorsitzender des Aufsichtsrats von Siemens sowie Mitglied in den Aufsichtsräten von Allianz SE, Lufthansa, E.ON, Axel Springer AG, BNP Paribas und Suez S.A.". Those seven companies are all very large and some are direct competitors!

So you are simply not understanding what you are trying to discuss. I do not think the right to vote in the UK will change that. You are angry on the economical crisis, me too. Some people really ****ed up a financial system by getting too greedy. But they are in a different league and not discussing 2k flight tickets, but many millions of bonus payments for terribly performed jobs. Bashing the lady who is now trying to fix it for a salary that is at best average for this position will remain wrong. But I suspect the daily mail to do the same as Bild in Germany or Blick here: Some simple stories for simple people will keep them busy arguing the peanuts and not seeing the real problems.

I do not feel like educating a daily mail reader on economics. I am off to have a chat with my fish on motorcycling.
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Old 11.12.2009, 14:54
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Re: Northern Rock what a nightmare, just what are they doing?

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What sort of peanuts do you buy for 2K per week are they goldcoated
They may not be goldplated, but they would probably be (UK) tax-free...
.
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Old 11.12.2009, 15:04
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Re: Northern Rock what a nightmare, just what are they doing?

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Your questions are funny. You mentioned that the lady will work at UBS. I only tried to tell you that a potential board membership is not a full time job.

Do you think the UK is so different from the rest of the world? Example of a German top manager: "Daneben ist Cromme Vorsitzender des Aufsichtsrats von Siemens sowie Mitglied in den Aufsichtsräten von Allianz SE, Lufthansa, E.ON, Axel Springer AG, BNP Paribas und Suez S.A.". Those seven companies are all very large and some are direct competitors!

So you are simply not understanding what you are trying to discuss. I do not think the right to vote in the UK will change that. You are angry on the economical crisis, me too. Some people really ****ed up a financial system by getting too greedy. But they are in a different league and not discussing 2k flight tickets, but many millions of bonus payments for terribly performed jobs. Bashing the lady who is now trying to fix it for a salary that is at best average for this position will remain wrong. But I suspect the daily mail to do the same as Bild in Germany or Blick here: Some simple stories for simple people will keep them busy arguing the peanuts and not seeing the real problems.


I do not feel like educating a daily mail reader on economics. I am off to have a chat with my fish on motorcycling.
Thats absolute crap, you decided to contribute to this thread, but your contribution is no way relevant to my feelings about the situation in the UK and the fact is that I am the customer of this bank not you, your comments play no part in my opinions, of which will always remain the same about these type of characters who come and go in Banks or companies in the UK, they are all fly by night idiots, they are power hungry and they think that they can make the fix but, but they have no balls to stick it out and see it too the end, this person ran away from the Northern Rock after the revelation of her big fat cats salary, no other reason why.

I have also worked in Banks in the UK and seen many characters like this! Were is the proof that this person has actually done anything? do your hear NRB stating that the person actually did anything or improved any part of this banks situation? no it just a waste of the UK tax payers money!

This person also came from Swiss RE who also made huge losses, so your opinion is that the same top people who float around from one bank to another are soo good??? No not by my opinion the only Employee who is good one is the one who goes down with the sinking ship not the one who does the runner!
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Old 11.12.2009, 15:04
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Re: Northern Rock what a nightmare, just what are they doing?

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Your questions are funny. You mentioned that the lady will work at UBS. I only tried to tell you that a potential board membership is not a full time job.

Do you think the UK is so different from the rest of the world? Example of a German top manager: "Daneben ist Cromme Vorsitzender des Aufsichtsrats von Siemens sowie Mitglied in den Aufsichtsräten von Allianz SE, Lufthansa, E.ON, Axel Springer AG, BNP Paribas und Suez S.A.". Those seven companies are all very large and some are direct competitors!

So you are simply not understanding what you are trying to discuss. I do not think the right to vote in the UK will change that. You are angry on the economical crisis, me too. Some people really ****ed up a financial system by getting too greedy. But they are in a different league and not discussing 2k flight tickets, but many millions of bonus payments for terribly performed jobs. Bashing the lady who is now trying to fix it for a salary that is at best average for this position will remain wrong. But I suspect the daily mail to do the same as Bild in Germany or Blick here: Some simple stories for simple people will keep them busy arguing the peanuts and not seeing the real problems.


I do not feel like educating a daily mail reader on economics. I am off to have a chat with my fish on motorcycling.
Thats absolute crap, you decided to contribute to this thread, but your contribution is no way relevant to my feelings about the situation in the UK and the fact is that I am the customer of this bank not you, your comments play no part in my opinions, of which will always remain the same about these type of characters who come and go in Banks or companies in the UK, they are all fly by night idiots, they are power hungry and they think that they can make the fix but, but they have no balls to stick it out and see it too the end, this person ran away from the Northern Rock after the revelation of her big fat cats salary, no other reason why.

I have also worked in Banks in the UK and seen many characters like this! Were is the proof that this person has actually done anything? do your hear NRB stating that the person actually did anything or improved any part of this banks situation? no it just a waste of the UK tax payers money!

This person also came from Swiss RE who also made huge losses, so your opinion is that the same top people who float around from one bank to another are soo good??? No not by my opinion the only Employee who is good one is the one who goes down with the sinking ship not the one who does the runner!

Do you or did you have shares in NRB like did too?
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Old 11.12.2009, 15:17
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Re: Northern Rock what a nightmare, just what are they doing?

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this person ran away from the Northern Rock after the revelation of her big fat cats salary, no other reason why.
Once more:
- She is not running away at all, but keeping her position at NRB (or do you have any news that say differently).
- She has been nominated as a board member: If the Aktionärsversammlung of UBS agrees, she will get a well paid hobby on top of her role at NRB, nothing more.

If you are an emotional person, ok. If you just want to relief some steam: ok, but please make a thread in the complaints corner. I did not know that this thread was all about your feelings. If I had known that you simply need some closure, I would not have tried to get your facts straight. But when you post in the "finance" section of EF, just stick to the facts a little.

Poor Swissinfo!
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Old 11.12.2009, 15:19
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Re: Northern Rock what a nightmare, just what are they doing?

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Do you or did you have shares in NRB like did too?
No, I lost a lot with UBS shares. But I am not whining about it, but accept that it was my personal greed to buy something as risky as shares of an individual financial company.
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Old 11.12.2009, 15:27
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Re: Northern Rock what a nightmare, just what are they doing?

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Once more:
- She is not running away at all, but keeping her position at NRB (or do you have any news that say differently).
- She has been nominated as a board member: If the Aktionärsversammlung of UBS agrees, she will get a well paid hobby on top of her role at NRB, nothing more.

If you are an emotional person, ok. If you just want to relief some steam: ok, but please make a thread in the complaints corner. I did not know that this thread was all about your feelings. If I had known that you simply need some closure, I would not have tried to get your facts straight. But when you post in the "finance" section of EF, just stick to the facts a little.

Poor Swissinfo!
I have also lived in the region where this bank has its roots from Newcastle and Durham areas, may be one day I should ask those persons who come from there to give their opinions on this forum, I am sure they would have plenty to say about the Northern Rock, it is very soar subject for many people in the UK, try asking the ones who queued out side of the Northern Rock Branches the ones who were denied entry the chance to take their money out of the bank when it crashed.

This is the same bank who now has been heavy handed with its customers who are having their livehoods and their homes reposesed.

So after seeing people earning fat cat salaries whilst other are still suffering in the UK is an injustice!
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