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This is a question Bad Management

Tb2571989 says Bad Management isn't just a great name for a heavy metal band - what kind of rubbish work practices have you had to put up with?

(, Thu 10 Jun 2010, 10:53)
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Yeah, and now we own or part own them.
If they paid us overdraft charges it would be idiotic. Like paying them to ourselves.
(, Mon 14 Jun 2010, 12:27, 1 reply)
fuuny that. so - how do i go about selling my shares?
oh - oh I can't. Because I don't really own or part-own them at all.

But I'll be paying for them, mind.
(, Mon 14 Jun 2010, 12:28, closed)
They're held on your behalf by a representative that you elected.
You don't need me to explain democracy to you right?
(, Mon 14 Jun 2010, 12:31, closed)
No, not at all.
So ... how come I don't get a share of their profits, then?

Oh yes. Silly me. The profits are privatised. It's the debt that's nationalised.
(, Mon 14 Jun 2010, 12:33, closed)
The government gets a share of the profits - they get a dividend on the preference shares they own.
£600Million per year - as stated above. In fact, they get this even if the bank makes a loss.
(, Mon 14 Jun 2010, 12:35, closed)
Just like any shareholder we will make our money when we choose to sell our shares.
This will most probably be at a substantial profit and the money from that does go to you. Both the cost and the profit are nationalised.
(, Mon 14 Jun 2010, 12:36, closed)
You elect a government who's policy is to sell the government's holding in the banks.
citywire.co.uk/money/election-2010-tories-plan-to-sell-lloyds-and-rbs-shares-next-year/a393188
(, Mon 14 Jun 2010, 12:33, closed)

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