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Posted: 13:03 31 Jan 2011
by matt220781
FB - I don't know but i can make an assessment and form an opinion.

Mike - very true. But my point was the lack of justification of huge salaries by the people prepared to pay them to one section of society and not to others.

GB1 - no... he was PM! :)

Posted: 14:58 31 Jan 2011
by Greenblooded1
matt220781 wrote: FB - I don't know but i can make an assessment and form an opinion.

Mike - very true. But my point was the lack of justification of huge salaries by the people prepared to pay them to one section of society and not to others.

GB1 - no... he was PM! :)


If was a recent one, he knew flip all about bankers then :wink:

Posted: 12:57 11 Feb 2011
by Jon Watts
matt220781 wrote: But my point was the lack of justification of huge salaries by the people prepared to pay them to one section of society and not to others.


To play devil's advocate for a moment...

I would suggest it is very easy to justify paying a banker a large salary and bonus when you can accurately quantify their value to the company for whom they work. In many cases it is possible to determine exactly how much money a trader or fund manager has made over a given period. You can then reward them with an appropriate salary and/or a bonus that's linked to the profit they have generated.

How do you gauge the worth of a doctor or a fireman in monetary terms? They save people's lives - how much is a life worth? I am not saying these people should be paid less. Just that there is no way you can quantify what they do in monetary terms, and therefore no way to justify their salary.