Sickening Profits

[New Direction]

It has been recently announced that the Royal Bank of Scotland (RBS) has made 6 billion pounds (circa $12bn) profit during the last financial year.

Is it just me or does anyone else find this totally sickening? Why are people not boycotting RBS's products?

Just think what $12bn could do. It could solve so many of the world's problems.

[Exploited Class]

Well if you want thier response to that, it is going to be

"if they are making huge profits then they are successful for all their hard work and can use those profits for venture capitalism which will spurn jobs and economic growth. Don't punish them or hate them for being successful. Large profits is incentive for competition which trickles back down to us in the form of jobs"

I am just telling you their side.

Personally, I think a king would love to have made that much money over the average citizen's wage. Especially in just one year's time. Yeah it is gross, it is showing just how much is traveling straight up the class ladder but not coming back down in the form of better wages.

I don't think it is incentive, want to see real incentive tie the highest paid employee's wages to the lowest paid employee. You'll see real incentive to do a great job, make large profits, pay the lowest paid worker higher wages so you can increase your own.

I don't think we benefit one bit from a company's success. Company's don't give out extra paid vacations just because they did well that year nor do they even do bonuses, except to the higher execs. A lot of the profits are going to feed into a golden parachute so the execs don't have to worry about incentive any longer.

Did customer's really benefit from this gross profit? I don't remember a giant price drop in Nilke shoes when they moved their production over seas to slave labor. I just saw them get bigger profits and more ad campaigns luring people into buying their still over priced products.

How many people are they really going to hire with a 12 billion dollar profit. They could hire 300, 000 people and pay them around 35,000 dollars a year each. And still have 1,500,000,000 left over. What will they really end up hiring? 1000 employees maybe?

The total Federal Education Budget for the entire country is only 57.3 billion, the profits for one company is 1/5th the total we spend nationaly one kids.

[Fidel Castro]

I read that the RBOS are making over £200 per second. Profits like these are totally uneccesary, the government should be taking huge companies like this much more heavily to make sure that the masses can benifit.

[SittingBull47]

You're right, that is sickening. It's a bank, which is even worse, but they should donate that money and make a difference to charities or give it to research for diseases. Institutions like that, that don't give back to the world, do not deserve to be rich.

[Don't Change Your Name]

err....human nature?

Seriously, that won't "create new jobs". That will go to the new mansion of their president, or to the new ceo's Porsche. But the rest of the society won't see a cent of that, and only a few money might be used in "growing".

Considering the "they deserve it" argument, I doubt they really do more than those working on the bottom of their pyramid.

[pedro san pedro]

scary thing is that plenty of companies make even more than this each year