Citywire tells us that Alistair Darling is on the warpath on the matter of pay and bonuses in the City. He said that some of the problems facing the UK and other countries at present were caused by the fact that some traders were offered incentives to take risks which they themselves or their bosses did not fully comprehend. If we need to pay £1m per annum for the expertise of a trader who does not comprehend what he is doing, how much do we have to pay for a trader who does comprehend what he is doing?
Debate and discuss and only write on one side of the paper.
What is all this nonsense? We have to pay buckets of money to get these financial geniuses yet, apparently, they do not even understand what they are doing. Mr Darling is suggesting that they may decide on new legislation. I wait, with bated breath.
/
No comments:
Post a Comment