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Goldmans Sachs Cuts London Bankers Pay


skomer

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HOLA441

http://www.guardian.co.uk/business/2011/aug/25/goldman-sachs-cuts-bankers-pay

Some choice quotes...

"...These days, when a banker doesn't get a bonus, they no longer leave automatically. They've got their salaries to fall back on – and, really, there's nowhere else for them to go" :blink:

Still an 'average' wage there is only £263,000 ... it must be hard for them....

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HOLA442
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HOLA443

http://www.guardian.co.uk/business/2011/aug/25/goldman-sachs-cuts-bankers-pay

Some choice quotes...

"...These days, when a banker doesn't get a bonus, they no longer leave automatically. They've got their salaries to fall back on – and, really, there's nowhere else for them to go" :blink:

Still an 'average' wage there is only £263,000 ... it must be hard for them....

But I agree with you Mr Skomer, These guys (and gals) may be bright, but they are no Mozarts/ Riemanns!

They were lucky, and maybe may not be so much more!

Still I wish I had been "lucky"? :huh:

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HOLA444
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HOLA445

They are cutting the salaries of people in "Group". For those of you who have ever worked in a big company, Group are the slightly ineffective guys and girls at the top who set policy and direction etc. Very removed from the coal face and unlikely to be the recipients of the big-boy bonuses. Glorified admin staff.

Hardly a cause for celebration that some pain is being felt by that demographic.

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HOLA446

How can people be so bad at their jobs and still fetch that salary?

You just as well employ some 6 year olds for 10p and hour and still have the same outcome for the banks.

What this actually is - is a signal from the Goldman boardroom to go back to their evil, reckless and fraudulant ways at any cost for their annual Bonum.

The City remains deliberately unregulated by our poxy, ineffectual, leaders - waiting to take their directorships after resigning as MP's and 'Cabinet' de toilette - our 'privy' Council Class

Edited by erranta
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HOLA447

What this actually is - is a signal from the Goldman boardroom to go back to their evil, reckless and fraudulant ways at any cost for their annual Bonum.

The City remains deliberately unregulated by our poxy, ineffectual, leaders - waiting to take their directorships after resigning as MP's and 'Cabinet' de toilette - our 'privy' Council Class

Right on. Did you notice that Mandelson is just another one who's got a multimillion pound salary at one of the big investment banks. A 'labour' polititian. arf.

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