Saturday, November 1, 2008

They’ll go to these lengths to keep on trousering the loot

Barclays protects its bankers' pay

Barclays have gone to extraordinary lengths - including screwing their smaller shareholders - to ensure that top execs can carry on paying themselves big salaries and bonuses.

Posted by icarus @ 06:02 PM (967 views)
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8 thoughts on “They’ll go to these lengths to keep on trousering the loot

  • Another decision taken for short term gain for bonus based senior execs. Wonder how it will effect their competitiveness in the long term?

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  • barclays shareholders vote with your feet if you dont like it.

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  • oops sorry wrong post

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  • I think it was the thought of peter mandelson trousering the loot that confused me – more than I already was that is

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  • ‘Barclays tells me that it is motivated by a desire to protect its commercial freedom, which is about more than how it rewards its stars, but also includes that cherished freedom.’

    – Tantamount to fraud – Screwing the small share holders to line the pockets of the @rses calling the shots. Motivated by personal gain, not bothered about the company and investors, most will probably loose their job soon, making the sun shine, so they can make hay. Might as well print their own money.

    From the FSA web-site:-

    ‘One of our statutory objectives is to reduce the extent to which it is possible for a financial business to be used for a purpose connected with financial crime.

    Financial crime includes any offence involving money laundering, fraud or dishonesty, or market abuse. The objective interacts with our three other objectives – protecting consumers; market confidence; and public awareness.’

    ‘Fraud and dishonesty’ – Well let’s see whether they have the balls to do anything other than sit still and watch.

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  • The small person’s fraud is the big guy’s ‘innovation’. The FSA will rubber stamp where necessary.

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  • those two red lines across your screen tell you where the gate is

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  • Got to love the concern for small shareholders.

    Accept the Governments money and give up dividends (and probably increasing profits) for five years or accept the Arabs money, keep dividends and expect a massive increase in the now competition-free market place.

    I’ll vote for dividends and the Arabs, non-shareholders can non-vote against managers bonus’s.

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