City workers salaries

studentphil

magyar wrote:

So OK, recently I worked on a deal whereby some city investors bought some equity in a renewable energy project. The money they injected allowed my company to develop MORE such projects. They have recently sold this equity and have made a tidy profit.

Their motive may have been profit, but was it immoral?

Yes but I bet you bought more holdings in Gas and Oil companies over the last few years. So I bet in the City the Eco project investment in piecemeal.

magyar

studentphil wrote:

Yes but I bet you bought more holdings in Gas and Oil companies over the last few years. So I bet in the City the Eco project investment in piecemeal.

Is that meant to answer my question?

studentphil

magyar wrote:

Is that meant to answer my question?

Yes, if the total sum of your investment is unethical then doing a tiny bit of ethical stuff in that does not off set all that unethical investment.

Gabriel-Ernest

Where do you invest, Phil? I know you said you've put your student loan aside; what were your criteria for choosing where to invest. Wherever you've put it, I guarantee I could dig deep enough and prove that it was unethical. I also think you're making huge unwarranted assumptions about magyar and, frankly, talking out of your ****.

quidsinquentin

Phil, would you turn down a job that these people do if it was offered to you without any preconditions. On a salary of say £100,000??

Let's say the company wanted to be more equal about its employees. You could spread the 'phil' word from within.

Would you take the job?

studentphil

Gabriel-Ernest wrote:

Where do you invest, Phil? I know you said you've put your student loan aside; what were your criteria for choosing where to invest. Wherever you've put it, I guarantee I could dig deep enough and prove that it was unethical. I also think you're making huge unwarranted assumptions about magyar and, frankly, talking out of your ****.

I am not talking about Magyar personally, but as the city generally.

I know my savings are not in an Ethical investment account.

studentphil

quidsinquentin wrote:

Phil, would you turn down a job that these people do if it was offered to you without any preconditions. On a salary of say £100,000??

Let's say the company wanted to be more equal about its employees. You could spread the 'phil' word from within.

Would you take the job?

Probably not because

1 I would hate traveling into central London
2 I would not really see it as a job that made people's lives better
3 Some of my fellow workers seem to be not vey nice people.

sheraz2

reduceditem wrote:

Hi everyone. I've read through all the posts in this thread. I'm not convinced that anyone has tackled the moral question that the OP is trying to bring up. peter999 is the closest in post # 66.
A common theme so far has been for people to talk about pressure v reward or knowledge v reward. Neither experiencing pressure or having knowledge amount to a justification for financial reward. Also trying to show that you are cleverer than someone by a series of questions and answers does not tackle the real issue.
I am not speaking without experience when I say that large financial companies are almost entirely SELF-SERVING. Their reason for existence is to make as much money as possible. It's not surprising therefore that they offer high financial reward to those who help them achieve this...all perfectly logical, but morally questionable. Why? Because it is simple greed, almost devoid of humanity and reality. In fact its the 'coal-face' of the type of greed which is gobbling up our world as fast as possible.
Everybody has their own idea about what is right and wrong and everyone has morals because morality is about what is right and what is wrong. We all bend and break morals (I'm as guilty as anyone) but ultimitely we must align ourselves with the direction of our moral compass (horrible phrase, I know)

My moral compass points in the opposite direction from these companies and I'm glad that it does.

Well i'm glad mine doesn't. because these companies are worth 17% of the UKs' GDP.

They are wealth generators for the UK.

magyar

studentphil wrote:

Yes, if the total sum of your investment is unethical then doing a tiny bit of ethical stuff in that does not off set all that unethical investment.

Well I'm the borrower, not the investor, so you can save your waffle for them, but it's quite simple:

- with city money my company can build ten green energy projects in five years
- without city money we could build one.

So isn't it the moral thing to do to borrow money from these investors?

quidsinquentin

studentphil wrote:

Probably not because

1 I would hate traveling into central London
2 I would not really see it as a job that made people's lives better
3 Some of my fellow workers seem to be not vey nice people.

Oh come on Phil - the company's willing to meet you half-way! You can have a taxi to work.

£100,000??? Not willing???