tag:blogger.com,1999:blog-2948538160252327076.post3407556373392681058..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Superman moneyAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2948538160252327076.post-65868381158852639212009-06-23T19:21:09.863+01:002009-06-23T19:21:09.863+01:00A man of talent? do me a favour. He came from Brit...A man of talent? do me a favour. He came from British Land. And borrowing vast sums of money and ploughing it into real estate at inflated prices just before the whole thing collapsed, does not count as talent.<br /><br />If he was talented, he would have been selling in 2007-2008, or atleast hedging his companies property exposure, but no, he acted like a kid with a credit card. Seen British Lands stock price? How smart would he look now if he was spending a few of the billions he got for selling assets, or a few billion from a hedge like Goldman Sacks did with their real estate portfolio. instead, the last act he did before parting was selling a load of equity, diluting the shareholders to pay margin calls on BL's land. And then he collected a multi million payout. the only man to make money out of BL. And probably gonna be the only one to make money out of RBS thanks to the boom in London property he took a large part in blowing up. Don't tell me it was the real estate bubble. Commercial property went up way more than residential, and is now down 45%.<br /><br />Hardly the man to handle RBS property disposals, he never sold anything, just buy buy buy borrow borrow borrow right the way to the peak.gregnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-82582443806730347692009-06-23T11:31:50.529+01:002009-06-23T11:31:50.529+01:00But how much of the will be recouped in income etc...But how much of the will be recouped in income etc tax?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-64920120266829026012009-06-22T21:14:11.854+01:002009-06-22T21:14:11.854+01:00£9.6 million - oh yes - and then the pension no do...£9.6 million - oh yes - and then the pension no doubt when he flips this role in a couple of years time.<br /><br />Less of a moral hazard and more of moral ruddy car crash!Fredhttps://www.blogger.com/profile/14907370323546067327noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-52152626016769049242009-06-22T17:37:24.807+01:002009-06-22T17:37:24.807+01:00Well to be fair, most of the "compensation&qu...Well to be fair, most of the "compensation" is not vestable now. What discount would you put on RBS options years from now? What discount on RBS shares years from now? I bet the 9.6m figure is not discounted for risk or for net present value - especially coming off unions who are usually lying scumbags especially UNITE's Whelan... nothing like a good bit of outrage at "overpaid bankers" to distract.<br /><br />On the other hand he is getting a cash payment of 1.2 million which is outrageous. Thats where the true outrage should be.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-6882249669012962902009-06-22T17:07:33.370+01:002009-06-22T17:07:33.370+01:00Mind numbing!Mind numbing!Anonymousnoreply@blogger.com