tag:blogger.com,1999:blog-2948538160252327076.post5610259653775832..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Our hypocritical bankersAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2948538160252327076.post-90354626476182243592011-01-17T11:13:29.957+00:002011-01-17T11:13:29.957+00:00Rhyming slang dearieme.
A DavidRhyming slang dearieme.<br /><br />A DavidAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-40072166228822416932011-01-17T00:14:46.764+00:002011-01-17T00:14:46.764+00:00The Uk has been ruined by Blair and Brown. Neithe...The Uk has been ruined by Blair and Brown. Neither is yet a banker.deariemenoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-38539611897690049852011-01-16T23:22:57.954+00:002011-01-16T23:22:57.954+00:00I don't particularly want to debate the point,...I don't particularly want to debate the point, but I find the idea of lap dancing bars quite grotesque. Since I find bankers also grotesque, the two were naturally associated in my mind.<br /><br />AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-74100498992262773382011-01-16T23:21:11.386+00:002011-01-16T23:21:11.386+00:00"I've never seen a flabby banker in a lap..."I've never seen a flabby banker in a lap dancing club." <br /><br />Actually, nor have I. In fact, I have never been to a lapdance bar. It was just my imagination running away with me. <br /><br />AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-52327461949628715532011-01-16T22:58:39.249+00:002011-01-16T22:58:39.249+00:00"The great risk takers of the modern age need..."The great risk takers of the modern age need to be rewarded."<br /><br />I'm sorry ? What risk ?<br /><br />I've never seen a flabby banker in a lap dancing club.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-69617181039694158312011-01-16T22:35:28.610+00:002011-01-16T22:35:28.610+00:00superb post. It says exactly why these bonuses sho...superb post. It says exactly why these bonuses should not be paid. <br /><br />MAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-60608824802967139442011-01-16T22:23:52.132+00:002011-01-16T22:23:52.132+00:00Several odd aspects to this as very many of us hav...Several odd aspects to this as very many of us have an indirect and very real interest through occupational pension plans/unit trusts … our money … where the bankers' premises/practises for high rem. are rarely challenged; the only activist pension group I know of is Calpers who have challenged to effect big change.<br />As elsewhere observed, there can be few sectors where the managers make off with the spoils, at little risk to themselves as we have seen, created from shareholders’ funds whilst rewarding them with relatively little yet saddling them with the risk (e.g. RBS, HBOS and Lloyds shareholders, etc.). This is perplexing and ought to be contrary to fund-managers' self-interest if they were behaving accountably. Yet IBs have a policy of paying big-time, indeed Macquarie were explicitly proud of putting 50% of the profit to employee “reward”.<br />The other sector with similarity is property development: both are populated by what one may describe as smart barrow-boys after the main-chance and willing to take risk. The main difference is IB types as a whole are generally cognitively very smart and tend to be technically well –educated with ability to deploy those skills.<br />So my question is, what needs to happen for the risk takers with my money to be held to account by the people I implicitly rust to manage them? Yes, I know, obvious answer, it is in my hands but …Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-36135957901891280022011-01-16T21:06:41.485+00:002011-01-16T21:06:41.485+00:00"After all, it was the MPC low interest rates..."After all, it was the MPC low interest rates that created the problem"<br /><br />Couldn't agree more.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-15709973690618759972011-01-16T19:53:44.126+00:002011-01-16T19:53:44.126+00:00I know bankers have ruined the UK and paid themsel...I know bankers have ruined the UK and paid themselves massive amounts of money while doing it but try not to get too worked up about their pay and bonuses. <br /><br />If it's any consolation to you there are lots of other people earning lots more. They do this by raising their prices under the guise of this "inflation" thing. Apparently some "costs" have gone up so they are raising their prices.<br /><br />In the Tesco 2009 Annual Report it states:<br /><br />"The maximum potential bonus was 250% of salary for the Group<br />CEO , 300% of salary for the US CEO and 200% of salary for other<br />Executive Directors"<br /><br />Oh... by the way... the CEO's total earnings allegedly went up by 71.4% from £9.1m to £15.1m in 2009 according to this article:<br />http://www.thisismoney.co.uk/news/article.html?in_article_id=517324&in_page_id=2<br /><br />It's obviously a misprint in that article about someone allegedly having an increase that year from £36.8m to £90m. I mean nobody could earn that much in one year could they?Anonymousnoreply@blogger.com