Rewarding failure

RBS’s losses for 2011 could be reduced by 1/3 by withholding bonus’ due to the financial straits it is in. Bank       % public ownership       Net income 2011      Bonus 2011-12 RBS       83%   £(1969) million  £ 780 milion Lloyds   40%      £(2714) million  £ 300 million Note numbers in [...]

Banks are lucky

Banks are lucky that they are the right size to ‘save’, as we remember, the banks were ‘too big to fail’. Which meant that when some of the banks became insolvent (bankrupt) all of the banks were eligible to receive welfare payments so that they could continue paying their bank clerks huge bonuses for doing [...]

Guardian reports, only 1 in 25 business leaders may be a pyhcopath

According to guardian, http://www.guardian.co.uk/science/2011/sep/01/psychopath-workplace-jobs-study and http://www.guardian.co.uk/money/2004/sep/27/careers.theguardian If you’ve ever secretly harboured thoughts that a colleague – or even your boss – behaves like a psychopath, you may be closer to the truth than you dared to imagine. A study has found that there are far more sub-criminal psychopaths – self-serving, narcissistic schemers who display a [...]

Bundesbank Press Release about Weber resignation.

For some reason I was reading press releases from Bundesbank it seems they have a sense of humour. 9 February 2011 Bundesbank denies rumours about Weber statement The Deutsche Bundesbank denies rumours concerning an impending statement on the professional future of Professor Axel A Weber. 11 Februar 2011 Statement issued by the Deutsche Bundesbank Bundesbank [...]

Tony Blair earns millions after leaving post as PM

According to article here: Business insider / Blair Kuwait Consulting Fees Tony Blair has received fee of $43 Million dollars form government of Kuwait for preparing report “Kuwait 2035″. Along with position of advisor for JP Morgan and other consultancy fees he may have earned as much as $5 for each of the 1 million [...]