Quote from the Daily Torygraph
“Libor scandal: Barclays executive Jerry del Missier given £8.75m pay-off
Jerry del Missier, the former Barclays Bank executive blamed for orchestrating the interest-rate rigging scandal that cost the lender £290m, has walked away with a pay-off of almost £9m.”
Just how do these people get away with it…………….
By: MSR777 - 27th July 2012 at 20:59
What galls me the most, is if we all ran our household finances with the same ‘accumen’ as these banks, we’d all be out on the street. Still, the Govt would be there to bail us out……….they would……..wouldn’t they??:confused:
By: Arabella-Cox - 27th July 2012 at 09:17
I hope that I can help explain this confusing situation.
If you love aeroplanes you find a job in aviation; if you love cars you find a job in the motor industry; if you love money, you find a job in banking. In practice, the former two are examples of “enthusiasm”, while the latter is known as “greed”. The higher you get in banking, the more money you are able to skim off for yourself (or “be rewarded for your performance” as the euphemism goes). The majority of senior bankers are from the same mould and so if one of their number is forced to leave it is natural that the rest should ensure that he or she is well compensated, because that is how they would be anxious to be treated if they should ever be caught with their fingers in the till (or “have to admit to an error of judgement”, as the euphemism goes).
By: EGTC - 25th July 2012 at 23:47
I wish someone would give me alot of money for doing something wrong!
It’s almost as if it’s encouraged – screw a load of people, get a ‘pay off’ (which equates to more than most earn in a life time) to leave.
By: paul178 - 25th July 2012 at 22:37
I don’t know either but its a good trick to pull. You or I drop a bit of litter we are fined,rob a bank we are looking at ten years in the slammer.I suppose it comes down to who you know(and what you have on them!) or am I just a cynical old man?
Sign In
July 25, 2012 at 10:30 pm