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zugzwang

Carney Spanks £880,000 For 2014/15, Turns Down Pay Rise

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The least capable central banker of his generation hits the jackpot.

Big wins for the rest of the BoE grifters too.

http://www.cityam.com/217950/bank-england-governor-mark-carneys-earned-880k-last-year

He's not that busy either.

I know this because he ran a marathon last year in a time of 3 Hrs 31 mins.

http://www.cityam.com/214573/mark-carney-thrashed-barclays-boss-anthony-jenkins-in-the-2015-london-marathon-how-well-does-your-race-time-compare

Having personally run a similar time in a marathon last year, I can tell you that the amount of training required to achieve this is quite high, and I'm not 50 years old like him. I'm also in the privileged position of being my own boss and therefore able to take a fair amount of time out of the office to train - which I did.

I was very surprised that someone with his supposed level of seniority and responsibility could have enough spare time to train to that level. There have been plenty of periods in my working life where there is no way I could have done that, and I suspect I'm not unique in this.

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However, Carney defended his salary, saying he had moved from Ottawa, "one of the cheapest capitals, to one of the most expensive capitals (London)"

Only Monaco being more expensive.

At least the most inept and blinkered banker of his generation doesn't claim that he gets his wage because he's good at his job - that would have been a stretch too far.

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Ah, so what Carney is saying then is that £880K minus a bit for a more junior role, let's be generous and savage it by slashing to only 10% of his top role pay, so £88K is around the minimum amount people living and working in London should reasonably be paid due to it being one of the most expensive capitals. I'm sure a lot of people will be excited to hear about this new minimum wage...

Edited by Save me from the madness!

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