Employment Pay for Sterling Bank
Employment Pay for Sterling Bank
Estimated Yearly/Weekly pay for those employed by House Sterling, and within the Sterling Bank business.
(House Sterling Yearly Income : (pre total business expenses/AKA Net Worth = 15,442gp a year) ; post total business expenses/AKA Income = 10,000gp a year = 192gp 3sp 1cp a week.)
Lord Spudnic Dominic Sterling
(CEO) : 150gp a year = 2gp 8sp 8cp a week Lord Dominic Sterling
(SVP - Senior Vice President) : 120gp a year = 2gp 3sp 1cp a week (name)
(The Treasury Secretary - had the authority to inspect the bank’s books, require statements of the bank’s condition as frequently as once each week, and remove the House’s deposits at any time for any reason.) : 40gp a year = 7sp 7cp a week Sterling Bank Partners/Investors (x6):
Each partner/invester put 350gp in investment shares in Sterling Bank, altogether making up 2,100gp in 3rd-party shares, just under half of what Sterling Bank's starting net worth was calculated to be (4,300gp). Thus, Sterling Bank ownes 51% of shares in their Family bank, whereas their investers, collectively, own 49%. Each investor gets an updated yearly report at the end of the calendar year, detailing what their share is worth. Bank Clerks : 25gp a year = 4sp 8cp a week
Number of Clerks employed : 15 as of the current year, 813RG.
TOTAL Yearly Payout for Clerks : 375gp a year = 7gp 2sp 1cp a week
("Not surprisingly therefore, in outlining the qualities required in a bank clerk, the above manual encompasses reference not only to technical competence in arithmetic and double-entry booking, but also to the “habits and moral qualities which he must carefully cultivate” (The Banker’s Clerk, 1843, p.149). Similarly, McKinlay (2002) has noted the tolerance for clerical flaws in Bank of Scotland employees, if gentlemanly attributes were otherwise exhibited. [2]. It is useful to attempt to speculate on what the banks actually meant by good character or reputation. Some insight can be found in the work of Galassi and Newton (2001) who found that factors such as social standing, religion and kinship were more important in the nineteenth century banker’s measurement of reputation than more observable and tangible economic information on the individual. Certainly, activities such as drunkenness and indebtedness were particularly feared within the banking community. For example, the Glamorganshire Banking Company dismissed one of its clerks who had been fined for drunk and disorderly behaviour. (Sayers, 1957, p.75).") TOTAL Payout/Business Expense for Sterling Bank Employees (including CEO stipend, SVP stipend, Treasury Secretary, and Bank Clerks (x15):
685gp a year = 13gp 1sp 7cp a week
(House Sterling Yearly Income : (pre total business expenses/AKA Net Worth = 15,442gp a year) ; post total business expenses/AKA Income = 10,000gp a year = 192gp 3sp 1cp a week.)
Lord Spudnic Dominic Sterling
(CEO) : 150gp a year = 2gp 8sp 8cp a week Lord Dominic Sterling
(SVP - Senior Vice President) : 120gp a year = 2gp 3sp 1cp a week (name)
(The Treasury Secretary - had the authority to inspect the bank’s books, require statements of the bank’s condition as frequently as once each week, and remove the House’s deposits at any time for any reason.) : 40gp a year = 7sp 7cp a week Sterling Bank Partners/Investors (x6):
Each partner/invester put 350gp in investment shares in Sterling Bank, altogether making up 2,100gp in 3rd-party shares, just under half of what Sterling Bank's starting net worth was calculated to be (4,300gp). Thus, Sterling Bank ownes 51% of shares in their Family bank, whereas their investers, collectively, own 49%. Each investor gets an updated yearly report at the end of the calendar year, detailing what their share is worth. Bank Clerks : 25gp a year = 4sp 8cp a week
Number of Clerks employed : 15 as of the current year, 813RG.
TOTAL Yearly Payout for Clerks : 375gp a year = 7gp 2sp 1cp a week
("Not surprisingly therefore, in outlining the qualities required in a bank clerk, the above manual encompasses reference not only to technical competence in arithmetic and double-entry booking, but also to the “habits and moral qualities which he must carefully cultivate” (The Banker’s Clerk, 1843, p.149). Similarly, McKinlay (2002) has noted the tolerance for clerical flaws in Bank of Scotland employees, if gentlemanly attributes were otherwise exhibited. [2]. It is useful to attempt to speculate on what the banks actually meant by good character or reputation. Some insight can be found in the work of Galassi and Newton (2001) who found that factors such as social standing, religion and kinship were more important in the nineteenth century banker’s measurement of reputation than more observable and tangible economic information on the individual. Certainly, activities such as drunkenness and indebtedness were particularly feared within the banking community. For example, the Glamorganshire Banking Company dismissed one of its clerks who had been fined for drunk and disorderly behaviour. (Sayers, 1957, p.75).") TOTAL Payout/Business Expense for Sterling Bank Employees (including CEO stipend, SVP stipend, Treasury Secretary, and Bank Clerks (x15):
685gp a year = 13gp 1sp 7cp a week
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