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Barclays bank today awarded over ?38m in share options to nine senior executives including ?17m to Rich Ricci, Barclays' Chief Executive of Corporate and Investment Banking. He waived his bonus last year because of his involvement in the Libor rigging scandal - today he receives a fortune and Barclays have clearly done this today because the eyes of the City and the media are focused on the Budget, so they are cynically hoping this will slip through unnoticed and get little coverage. They have been talking a lot about pay restraints and similar things during recent times - for everyone but their top people it would seem. I am hoping the news networks DO give this lots of coverage tonight.

Here's Rich, fat-cat extraordinaire:

I would like to see bankers income and bonus payments based on the real return on the money invested with them because I'm sure current situation of the real value of many accounts shrinking would not occur.

Of course non of you are football fans and are unhappy with the baldy halfwit aka Rooney making ?15m a year for at the most 3 hours a week work?
Bankers are and always have been overpaid and nothing short of armageddon will stop that..

"Bankers are and always have been overpaid and nothing short of armageddon will stop that.."

Piss poor analogy Argie. When was the last time the government paid billions to bail out Man. Utd?

The reason the government has done little re the banks although frequently talking the talk is that the Tory party is funded by the City. About half of Tory party funds comes from the City.

Sorry DJ it is a highly valid point and one I have heard on many occasions. Football clubs flout the laws on tax better than anyone. Look at Dundee or Portsmouth. If they were any other type of business the revenue would have shut them down and sold off the assets years ago. And AFAIK football is apolitical. You will doubtless know to the penny how much Nu Labor gets from its benefactors, some I may be keen to know are from large companies who no doubt massage their books to avoid tax.....

Disgusting but oh so pridictable !

Interesting comments there. I do wonder what many investment bankers will think about themselves when they are retired and look back on their lives. To have done something that has benefitted very few people, helped wreck society, cost the Government so much money in bailouts that vast numbers of poor people had their lives dimished due to Government cuts all over the place, and to have turned what was once an honourable entity - banking - into a cut throat, extreme Capitalist, make-money-at-all-costs largely by tricking the public, operation. Will these people look back on their pointless, worthless existences with any pride? I doubt it.

Did Man Utd get a 700 billion bailout? No.

Did Man Utd. threaten to move Old Trafford to Singapore every time the government made noises about bonuses? No.

Did Man Utd bring the country almost to its knees and result in an extreme right wing government using it as an excuse to throw hundreds of thousands of people out of work? No.

Like I said footballers and investment bankers. Piss poor analogy.

max_tranmere wrote:

> Interesting comments there. I do wonder what many investment
> bankers will think about themselves when they are retired and
> look back on their lives. To have done something that has
> benefitted very few people, helped wreck society, cost the
> Government so much money in bailouts that vast numbers of poor
> people had their lives dimished due to Government cuts all over
> the place, and to have turned what was once an honourable
> entity - banking - into a cut throat, extreme Capitalist,
> make-money-at-all-costs largely by tricking the public,
> operation. Will these people look back on their pointless,
> worthless existences with any pride? I doubt it.

They will be relaxing in luxury at one of their properties without a care in the world. They won't give a thought about how they got the money and those struggling to make ends meet because of their actions.
If they cared they would have different attitudes and objectives now.

I have a friend in Canada who walks around in a teeshirt that says, "Make
My Day - Hang A Banker" !