I don’t often agree with the economic drivel spouted by the Labour party but they made a good point on Today programme. Mr Hester is paid to do a job so and handsomely at that to reflect the gravity of the job, so what’s the bonus for? Anyway I thought the trade-off was lower than market rate and you’ll get a gong for your efforts. Calling for him to forgo the bonus is too late as it won’t show grace and common sense rather weakness in the face of adversity. And here is the oxymoron – we’re paying a guy bucketloads of cash because he’s the best man for the job but he’s got no common sense. Just like the rest of the bankers – brains perhaps but not common sense.

Written by FDAdmin