Oct 242009
BBC NEWS | UK | Banker bonuses minute, says duke.
The BBC reports:
The Duke of York has defended bankers’ bonuses, saying they are “minute” in the scheme of things.
and
Prince Andrew said closing tax loopholes for Britain’s 112,000 non-domiciles could have a detrimental effect on the UK.
Three things to say:
1) This is a man who sold his house to a tax haven company for more than market price. They then left it vacant. Why was that?
2) This is a man who was born to privilege and clealrly wants to preserve it for him and his friends
3) He is a civil servant and should now be sacked.
There’a another way of putting this: he’s a dunderhead.
2 Responses to “Banker bonuses minute, says duke”
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Well said, Richard!
1 So what?
2 So what?
3 No he’s not.
The fact is that he is right that bankers’ bonuses are very small as a proportion of the total cost of the financial collapse.
What has however escaped his notice, it appears, is that bankers ran their companies so as to maximise bonuses rather than shareholder returns.
You could have said that. But instead you indulged in irrelevant personal attacks. Sad.