Sunday, 8 February 2009

What is the price of failure

It seems to be about £40 million.....

A ROYAL BANK OF SCOTLAND executive who led its investments into “toxic” sub-prime loans was paid close to £40m in just three years, The Sunday Times can reveal. Jay Levine, 47, was the bank’s highest-paid employee, earning almost four times more than former chief executive Sir Fred Goodwin.

(From the Sunday Times)

3 comments:

VADO said...

RBS are also paying out a billion in bonuses.

Anonymous said...

Unbelievable. The whole bally mess is unbelievable.

Annie Oldiron said...

Alice: Do please learn to disciminate between "earning" nd "was paid". Bankers and sportsmen = peas in the same pod.