How many of the people who compain about bankers bonuses could do the job themselves?

Bonia77

ILW wrote: »

Why is that relevent?

You seem to have a view that being a banker require an IQ of at least 150 :cool:

Really I think there are quite a few people that could do their job

bendix

Bonia77 wrote: »

Really I think there are quite a few people that could do their job

And your opinion is based on knowing how many city bankers?

purch

You seem to have a view that being a banker require an IQ of at least 150

Really I think there are quite a few people that could do their job

We had this guy, straight out of Oxford with a double first in Statistics and Applied Math. Thought he was Gods gift, but a total genius. For the first 18 months he made tons of money....but then he got found out. When things started to go against him and his trading models, he couldn't handle it, couldn't really trade, and he was gone (sacked) after 2 years.

Then there one of my old trainees. About as bright as a 1 watt bulb, no proper qualifications came up through the backoffice via the postroom. He still works for the Bank, head of something or other now. Solid trader, probably still can't tell the difference between GDP and M4, but has made loads for the Bank and is still doing it.

Bankers come from all different backgrounds, and education, but the one's who get paid the big ££ have the same thing in common.

They are good at what they do, and deliver year after year.

nearlynew

It's not the individuals that are at fault (lying f*cking thieves that they are)

It's the debt-based banking system which is corrupt and sorting that out is our only hope of returning to prosperity and security.

Jonbvn

abaxas wrote: »

The question should not be about bonuses, but what happens if they make mistakes.

Being a structural engineer working in the oil industry and previously the nuclear industry I tend not to think about mistakes.:o

Q: What's the difference between a doctor & a struct. eng'r.
A: Doctors kill in 1's.

[Deleted User]

bendix wrote: »

Is it Wardwark? Is it?

Or is that another one of your typically assinnine generalisations that sound good as oneliners, but have no substance to back it up?

Common knowledge. Unlike race, gender, etc there are no official measures of this. That's also common knowledge.

Of course, if you go back in time there weren't any records kept on race or gender. So, I suppose, the people who campaigned against racism and sexism in employment were just making asinine generalisations?

purch

The whole industry is renowned for nepotism

Yes.

I don't know why Bendix doubts this.

Bob Diamond is the son of Neil Diamond, who as well as being a well known singer was the CEO of Barclays from 1975 to 1983. It was no surprise when little Bobby got the top job, despite the fact that he is a complete knobhead !!!!

Common knowledge.

I am sure Woodwork has many similar cases of nepotism he can show us.

[Deleted User]

davidgmmafan wrote: »

"It's an incredibly difficult job with direct accountability for large amounts of money."

I think you'll find the lack of accountability is part of the issue many people have with the banks.

They have already shown that they do not care, after all it's not their money.

bendix

[quote=[Deleted User];41826772]Common knowledge. Unlike race, gender, etc there are no official measures of this. That's also common knowledge.

Of course, if you go back in time there weren't any records kept on race or gender. So, I suppose, the people who campaigned against racism and sexism in employment were just making asinine generalisations?[/QUOTE]

Common knowledge, huh?

Ok . . if it's common knowledge, I'm sure you will be able to reel off a list of specific examples to back up your claim.

Because it's common knowledge, right?

Generali

[quote=[Deleted User];41831760]I think you'll find the lack of accountability is part of the issue many people have with the banks.

They have already shown that they do not care, after all it's not their money.[/QUOTE]

I think the only sector of business with more accountability than banking/finance is pharma.

The level of scrutiny is pretty intense, the number of rules, regulations and laws amazing as is the sheer number of bodies scrutinising you.

Some banks went bust. Big deal. Companies go bust all the time, that's capitalism. The mistake is the Government taking on the entirety of the liabilities of the banking sector onto their books.