Monday, September 21, 2009

Bankers returning to bad old ways

It is quite sad that bankers are returning to the bad old ways - high pay and bonuses, when many people have lost their jobs and are struggling. I hope that the government leaders will be able to put things right. Read this article by Paul Krugman.
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5 comments:

Anonymous said...

It does not surprise me. When they want to return to their bad old ways they will think of a thousand and one good reasons to do so. The most common so far is that the best talents will leave if they are not paid enough. Same argument as in our house.

September 21, 2009 4:02 PM
Anonymous said...

But it is true that we work hard for our money, isn't it?

If you are an employee in any company, if someone else wants to pay you 30~40% increase than whatever your current employer is willing to pay you, wouldn't you leave?

Come'on face it, greed is the norm. Who would work for basic pay - unless you are load with a lot of money and no need to rely on money for anything you want in life.

Everyone has 24 hours. You can earn $5/hour or $500/hour, it's your choice.

September 21, 2009 6:26 PM
Anonymous said...

some mob justice would be nice

September 21, 2009 8:08 PM
Anonymous said...

Some banks are putting their assets on sale now. Whichever competitor that acquires it are sure to conduct a round or few rounds of retrenchments before things settle down. Not all banks may be paying their staffs big bonuses & salaries.

September 22, 2009 2:01 PM
Anonymous said...

To Sep 21 2009 6:26pm,

Money can never earn enough.

If you can earn and justify that kind of big money and have no guilt at all, please go ahead as nobody can stop you.

End of the day, you just have to answer for your own words/actions and don't blame others.

September 22, 2009 2:33 PM

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