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Pay Bank Chiefs More Money To Fill Posts, Says Top Investor

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12117697/Pay-bank-chiefs-more-money-to-fill-posts-says-top-investor.html

Britain's biggest banks face a leadership vacuum due to a shortage of qualified candidates to fill vacant chairmanships, one of the country’s top investors has warned.

Martin Gilbert, chief executive of Aberdeen Asset Management, told The Telegraph that both Standard Chartered and HSBC could struggle to find suitable chairmen to replace their incumbents when the time comes.

“There is a shortage of bank chairmen out there,” said Mr Gilbert, pointing to the evaporation of the potential talent pool as a result of the financial crisis, which led to many senior bankers leaving the industry.

Standard Chartered has been looking for a replacement for its chairman, Sir John Peace, for nearly a year.

Yes pay them more money..... Get the top talent like Fred Goodwin.

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I think we have a system now which ensures meaningful jobs are relatively poorly paid. That is any job someone might feel was worthwhile doing without considering money. A corollary of this is that if you earn a $hit tonne of money, your job is almost certainly a meaningless exercise deemed necessary by the system.

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They'll say anything and make up any old incredible story trying to get more money and another helping of self serving. They are such unmitigated chancers.

Edited by billybong

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Fred Goodwin was CEO, the one who ran the company. This is about the salary of Chairmen - a different role altogether Edited by Ah-so

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Fred Goodwin was CEO, the one who ran the company. This is about the salary of Chairmen - a different role altogether

Yep - bank chairman are much more deserving. Just look at the value the Co-Op bank got from Paul Flowers...

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