Ok so this may be slightly off topic, but I'd just like to say something about Goodwin's pension. He did a job (albeit for only a few months) and signed up to a gigantic pension on the back of it.
Needless to say, the shareholders want it back. And remuneration is something that the g20 leaders were talking about.
There's two things here - firstly, this is simply the way the city works. I've said it before and Ill say it again, the city was built by bankers for bankers. If you had the power to build yourself a car, would you build a Saxo or an F430? If you find it immoral than so be it. But its the way it is. So on this basis there is no reason for him to feel guilty about getting this rather arse whooping pension.
Secondly, when he signed up to the job the benefits would have clearly been laid out for him. This would have been an agreement between both the big bods and Goodwin. So say if you went to a restaurant and ordered pasta, only to find that just when you were about to tuck in, the owner of the restaurant takes the dish away from you and gives you a KitKat - is this right? (Or 'moral' - as the g20 protestors like to say). Well clearly the restaurant owner is in the wrong!
Actually another point - not that I know Goodwin personally, or the stress level's involved in running a top tier investment bank - but Im sure he worked bloody hard. The thing is that Im staring at 6 screens for 12 hours a day. There is stress - Im under pressure to make the right decisions day in day out. If I don't there are consequences. So Imagine what it's like running an investment bank then!
Ive been writing on this blog for only a few days and Ive pissed a lot of people of.
I am sorry for this. I know I am a bastard.
But for all those people who left those comments on my posts - and to all you reading this now (whether you were actively protesting or not), let me ask you this:
IF YOU WERE GOODWIN WOULD YOU HONESTLY GIVE SOME/ALL OF IT BACK?
I think you know what I would say - but I want you to be truthful
Slavery: There's two things here - firstly, this is simply the way the 1800 Southern USA states work. I've said it before and Ill say it again, 1800 Southern USA states were built by slave owners for slave owners. If you had the power to build yourself a car, would you build a Saxo or an F430? If you find it immoral than so be it. But its the way it is. So on this basis there is no reason for a slave owner to feel guilty about owning slaves.
ReplyDeleteA slightly pretentious change, I'll admit, but your logic holds up. If something is the norm, it's the norm. Thankfully, some people see the immoralitly of the norm.
If the only way for Fred Goodwin to find happiness is with £700k a year, there is something seriously wrong with Fred Goodwin. If he thinks it's tough being an investment banker, perhaps he should try Paediatric Neuro-Surgeon or a fire-fighter or a member of the Met's special paedophile investigation squadron.
The riots going on in London at the moment are terrible. Who do these people think they are attacking innocent people? Also, why the heck do we have an army?! Where are they?
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