In any any other country those people would have been let go in their first year
This 8400 bit was mentioned to me. Does this mean it is for biz expenses only? Not to be used for commute to work, lunches etc?
So basically, VP is middle management in non banking scenario correct?
It's just extra cash, no one cares what you spend it on i.e. a way of topping up your salary in a tax efficient way for you and reducing pension contributions/admin costs for small expense claims for the company.