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Nairaland Forum / Nairaland / General / Business / Ten Banks Pay 143 Directors N7.6bn In 2015 (12145 Views)
Mark Zuckerberg Loses 17. 6bn Plunge To World's Sixth Richest / Dollars To Hajj Pilgrims: CBN To Lose N7.6bn Tax Payers' Money - Nairametrics / 8 Banks Pay N3.32bn As Fine In 2015 (2) (3) (4)
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Sweetguy25: 8:52am On May 09, 2016 |
allthingsgood: I know what I'm saying bro. Top Bankers all over the world are the same. They earn outrageous salaries. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by dpresido(m): 8:53am On May 09, 2016 |
It is only fair to pay them such amount that will encourage them to work and earn more returns to the shareholders. I do not see anything wrong in paying them that much. Most of these EDs/CEOs work their asses off. No family life. ...nothing just to ensure they position the bank ahead of its peers in terms of earnings and profiability. It is a simple strategy of motivation. If the shareholders want to crash their investments, they should go ahead and crash the EDs emoluments. One thing for sure is thathat competitors would be lurking around to poach such formidable ED an pay much higher salaries if he or she is able to turn their own bank's fortune. These guys are working. For our Senators, can you compare the work these EDs do and theirs? My grouse however is the spate of discrimination in emoluments. Else how can you expect a teller earning between 50-75k for over 10 years without increments. These are those who contribute to the profits, yet nothing to show. That should be looked into to reduce this disparity. Signed Out! 1 Like 1 Share |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by allthingsgood: 8:57am On May 09, 2016 |
Sweetguy25: You missed my point. its not the money they earn that's the issue. Its the failure to disclose this to the shareholders. Public companies are practically owned by shareholders. The bankers do not own the bank, the shareholders can remove them any minute. The failure to disclose is simply theft. 1 Like 1 Share |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Nobody: 8:59am On May 09, 2016 |
This is serious oo |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Cuteamigo1(m): 9:13am On May 09, 2016 |
that is exactly the problems I have with banks. it's a monkey dey work babun dey chop scenario. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by oostin: 9:17am On May 09, 2016 |
Seems people think the pay is not exorbitant when compared to what American and British Banks pay their Directors but I think that misses the point. We are talking about executive pay as a percentage of profits. If JP Morgan Chase makes $18bn as profit and and pays its directors $180m it may seem exorbitant but that's 1% of its profit. Besides a good deal of what American banks pay their directors are stock options. Bottom line, its's exorbitant particularly if you consider that the banks' profits fell by over 50% due to overexposure to oil sector debts. 1 Like 1 Share |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by amtaken(f): 9:18am On May 09, 2016 |
Is Buhari trying to take over banks from the rightful owners and hand them over to Fulani Herdsmen? The way he's poke-nosing into bank affairs nowadays! Hmnnnnnnnnnnnnnnnn! |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Nobody: 9:59am On May 09, 2016 |
olatunji21:my president olatunji21 i know lol |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Nobody: 10:10am On May 09, 2016 |
The usual chop i chop.. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by texazzpete(m): 10:15am On May 09, 2016 |
Sweetguy25: Less than 0.5% of Nigerians earn more than N200,000 a month, from statistics I've heard bandied about. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Nobody: 10:47am On May 09, 2016 |
misspresident:Have missed u dear...Hope u are enjoying the break? |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Nobody: 10:52am On May 09, 2016 |
olatunji21:i've missed u too...i am really enjoying the break oh. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Sweetguy25: 11:28am On May 09, 2016 |
texazzpete: C'mon, it can't be that bad. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Localamos(m): 1:40pm On May 09, 2016 |
misspresident: Why not be a Director yourself? It all starts with a dream... |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Mayflowa(m): 3:10pm On May 09, 2016 |
Sweetguy25: Do u know what is 3%? To put it clearly, it means 3 out of 100 Nigerians earn upward 50 millions. You can't even find 3 out of 100,000 EARNING that. So we are taking about 0.003% |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Mayflowa(m): 3:10pm On May 09, 2016 |
. |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by gazmann(m): 7:03pm On May 10, 2016 |
allthingsgood: Bros the share holders get divend and own whatever the company is worth. Director gets salary 12m per month not too much |
Re: Ten Banks Pay 143 Directors N7.6bn In 2015 by Nobody: 10:06am On May 17, 2016 |
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