Bears 0 Posted May 25, 2011 Share Posted May 25, 2011 My feeling is now, that Bain negotiated his "own" contract and took the wage rise during a time at OIbrox when we all knew we had money problems. While nothing illegal has been done it's not good practise when in reality he should have taken a wage reduction in that time to send out the right message to us as fans. 0 Quote Link to post Share on other sites More sharing options...
craig 5,195 Posted May 25, 2011 Share Posted May 25, 2011 My feeling is now, that Bain negotiated his "own" contract and took the wage rise during a time at OIbrox when we all knew we had money problems.While nothing illegal has been done it's not good practise when in reality he should have taken a wage reduction in that time to send out the right message to us as fans. If they are run properly then there would be a compensation committee to determine Bain's wage increase and/or bonuses. Even if there is no comp Committee his wages would be verified by the Board. I would be absolutely astounded if RFC didnt have one of these practices in place or, if not, then some other independent determination of the CEO's salary. I highly doubt you are right Bears, but obviously you could be. 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted May 25, 2011 Share Posted May 25, 2011 If they are run properly then there would be a compensation committee to determine Bain's wage increase and/or bonuses. Even if there is no comp Committee his wages would be verified by the Board. I would be absolutely astounded if RFC didnt have one of these practices in place or, if not, then some other independent determination of the CEO's salary. I highly doubt you are right Bears, but obviously you could be. Fair dooz. I have no clue about all that side of business, just putting it out there 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 25, 2011 Share Posted May 25, 2011 My feeling is now, that Bain negotiated his "own" contract and took the wage rise during a time at OIbrox when we all knew we had money problems.While nothing illegal has been done it's not good practise when in reality he should have taken a wage reduction in that time to send out the right message to us as fans. I thought Martin Bain had taken a wage reduction when we were in trouble and was given a rise again when we got out of trouble? Or am I wrong? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted May 25, 2011 Share Posted May 25, 2011 I thought Martin Bain had taken a wage reduction when we were in trouble and was given a rise again when we got out of trouble? Or am I wrong? He seems to have a (very large) bonus structure in place so that in good years he earns more than in bad years. I'd be surprised if he took a pay cut. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 25, 2011 Share Posted May 25, 2011 He seems to have a (very large) bonus structure in place so that in good years he earns more than in bad years. I'd be surprised if he took a pay cut. I'm sure I read a while back that he'd taken a pay cut when we were in financial trouble. It was from a better source than someone on a forum as well, but I can't remember what the exact source was. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 25, 2011 Share Posted May 25, 2011 Been racking my brain, but still can't remember the source BD. I'm sure I read about it in the winter of '09 when our financial problems were big news. Think he took a cut of 150 or 200 grand. You can find out I'm sure... 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted May 25, 2011 Share Posted May 25, 2011 At the last AGM Johnston stated that Bain had previously agreed to wave part of his remuneration and the increase in his remuneration this year was to compensate for previous underpayment. 0 Quote Link to post Share on other sites More sharing options...
metlika 0 Posted May 25, 2011 Share Posted May 25, 2011 I thought I heard, this is probably from the media that he was on nearly �£1m a year and took a pay cut to �£600k a year. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,415 Posted May 25, 2011 Share Posted May 25, 2011 I think CW has showed a lot of balls, so far!!, and would not take these steps if he didn't think it is right for Rangers. Time will tell if he is proved correct but I certainly like the way he has gone about his business, so far!!. I must admit I do admire his style,so far!!. Again time will tell. 0 Quote Link to post Share on other sites More sharing options...
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