Entertaining but at the same time disheartening tidbit in the Economist Business overview (3.1.14)
The British Government bailed out the Royal Bank of Scotland during the crash of 2008-09 and the British Government is still the majority shareholder. Since the bailout the Bank consistently posted big losses. For 2013 the bank lost around 13 billion dollars. Yet the bank still doled out bonuses to executives that amounted to about $800,000,000.
What can you conclude? Only thing that occurs to me is the interchangable club that runs both banks and government treasury's has a different measure of success than the rest of us.
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