Wednesday, Apr 30, 2008
We'll scweam and scweam until we're sick, and we can you know!!
Bloomberg: King's Bonus `Squabbles' Risk Finance Jobs, BBA Says
"There are other places business can go,'' Angela Knight, the chief lobbyist of the U.K. banking industry, told treasurers at the ACT Annual Conference in Edinburgh today.''
......so there, you big meanie.
Posted by bystander @ 03:10 PM (250 views) Add Comment
6 Comments
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1. Roy said...
Angela may please allow some of these bankers to move elsewhere!
It may reduce some of the ills bankers inflict on the public...by putting their high IQ's to 'Privatise profits but publicise loss' .
Two examples come to mind - How a Greedy Arrogant Enron played havoc with California's electricity distribution forcing the grid to its knees and resulting in blackouts in a state that is a top powerhouse for the economy. Finally when it wound up, thousands of workers lost all their life savings...while these traders and bankers sailed away in their yatchts to other pastures.
And remember the Asian Currency Crisis in early nineties? When these same banks wrecked havoc on developing economies and their currencies by raging speculative attacks and a white collar war from their desks in far US and UK etc? Mahathir Mohammed then PM of Malaysia, one of the countries, reacted by pegging the currency to a fixed rate - thus bringing speculation (amd some bank jobs) to an end ..eliciting hoarse cries from these western banks of backwardness and unfair play..Ten years later - Malaysia was a roaring economy and in no way lost out from some greedy bankers leaving the country then...
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3. Ccamper said...
Teachers don't get £1,000,000 for getting 50% of their pupils through GCSE etc etc
Most employees just try to do a good job and get paid a salary.
I think that anyone who gets paid more in bonuses or commission than their salary should be classed as a self-employed consultant with no job rights or security.
Likewise I think that anyone who receives more than £100,000 renumeration should be classed as self-employed with no job rights.
IT consultants (many of whom are on a lot less than £100,000) usually have contracts specifying notice periods ranging from 4 weeks to 1 week to 1 hour - all these grossly overpaid people (including footballers) should have the same terms.
As for being too scared to talk about the obscene bonuses - let them bugger off - they ruin the economy long term.
4. yorkshireman said...
Go on then, walk away from the mess you created.
5. Mariothegreat said...
Bye bye babe....
I think if they employed some 15th old nerds to manage their banks instead of those fat cat we would have less chaos than what we have today...
6. mken said...
Finance jobs will go anyway. This is an attempt to pin blame on politicians and "put the pressure on".
Having ruined the economy and destabilised the country in a way Al Quaida could only dream of
someone somewhere is supposed to read this and beg bankers to stay?
Agreed, we should not allow them to depart - they should be held and
subject to FBI style investigations. 90 day detentions etc.