Bankers – will they ever learn?

February 24, 2009

‘Round our way they have a saying – “If you’re in the shit, close your mouth.”

Unfortunately bankers show no signs of such wisdom. The greedy bastards have dragged us all into a global depression and they still think they should be rewarded for their efforts. An article in The Independent quotes Shaun Springer, chief executive of Napier Scott -which specialises in recruiting senior bankers, as saying…

“Base salaries are being increased by somewhere between 5 and 10 per cent, by rule of thumb, to compensate for an overall fall in the remunerative package. This is being done in recognition of perhaps a long-term change, in which one can envisage basic salaries in the long term doubling or tripling or quadrupling compared to where they are today and bonuses falling by as much as 80 per cent. People used to, say, earn between £100,000 and £150,000 and receive bonuses of 10 times multiples of their base salary. But a trend is now developing where someone has a basic pay of, say, £300,000 but with bonus multiple of only two or three times that.”

In other words the cheeky fuckers are demanding a pay rise to compensate for a drop in bonuses.

Gordon Brown said recently that we need a return to old fashioned banking. We say we should go all the way back to the twenties when bankers knew what to do during a collapse – jump, you fuckers, jump!!!



One Response to “Bankers – will they ever learn?”

  1. Dave E said

    they won’t learn until we teach them a lesson the hard way

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: