National bankers pay

This was an argument waiting to happen:

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6552400.ece#cid=OTC-RSS&attr=1185799

People are outraged at the pay that the top executives get. Once we brought into these banks all tax payers expect banker pay to drop to £100,000 per year.

Its not going to happen nor should it. Compare it to a top footballer, David Beckham is not really worth £100 million as a footballer, however he was a guarantee that a club would be in the top 3.

Now what I want is not that bankers pay be reduced but that my £8billion invested in RBS be doubled in 2 years time. Saving myself £9 million now to put a higher risk on £8 billion in 2 years time is just stupid.

As I have said before, in the short term nothing much needs changing, bankers are under pressure from debt markets and do not need more rules and reduced pay. Mid to long term sure think up some rules about people get nothing if they mess up in a big way.

Right now we, as tax payers need to think about all these billions we have invested at the lowest point in the stock market. In 5 to 10 years that share price should be 3-5 times what it is now. We should be more worried that some MP is going to sell those shares at a discount to some city friends of his!

Popular posts from this blog

Windows Server and the Task Scheduler Error Code 0x3

The living wage failure

IDE's and speed