Thursday, November 5, 2009

Spit dummy out

RBS bankers threaten exodus over bonus policy

His defence of bonuses echoes comments made by John Varley, chief executive of Barclays, who insisted “profit is not satanic” in a speech at a Westminster church on Tuesday night. “Talent is highly mobile,” he said. “If we are constrained from paying competitive rates then talent will move to another employer.” ...Disgusting abuse of power. -------- Yep, all those brainy young graduates that you and your cronies pollute John "Lucifer" Varley might even go move to a socially useful employer, like a science, engineering, teaching, law, IT employer?

Posted by cat and canary @ 08:10 AM (1020 views)
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9 thoughts on “Spit dummy out

  • Oh, please don’t go.

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  • ‘talent will move to another employer’ – does RBS have any talented employees? A company that’s had to be bailed out to the tune of countless billions by the taxpayer seems unlikely to have any good employees and who’d want them anyway?

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  • cat and canary says:

    What i find interesting is that on the surface Varley should be happy, since Barclays could cream off the most experienced staff from RBS. Perhaps the reason why he is speaking out is because deep down he knows his industry is in decline? Any more thoughts on this?

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  • Time to call the bankers bluff, and let those who really think that they are worth more money, go elsewhere.

    RBS really needs be wound down.

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  • well my attitude is bye bye greedy bankers off you go and get a job elsewhere there are plenty of highly intelligent cleaver graduates ready to take your jobs.

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  • ‘Clever’ in banking means able to perform socially useless conjuring tricks. Being of service to the real economy is pretty strightforward.

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  • Yeah there’s the door lads, I’m sure all the other banks will be queueing up to hire you cos you’ve done such a great job here…
    Can these same city headhunters also tell us where these [email protected] go so we can get our money out?

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  • Cat and canary makes a great point in the title. No offence to anyone working in finance, but wouldn’t it be better for us all if more of our brightest and best were tempted into science or engineering, for example? Finance was surely always meant to be a supporting industry.

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  • I think we’d all like to give them a helping hand (boot) out of the door. What a conceited bunch, presuming their “talent” is so rare and indispensable. That’d be the talent that drove the banks to bankruptcy (saved by the taxpayers).

    Incidentally, many scientists, engineers, teachers, etc are employed in the public sector. Cue for a private vs public argument?

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