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Utilities v banks
macaque_2
Posts: 2,439 Forumite
The bank profits are not even being earned. They get cheap money from the goverment and account holders and lend it out to people with Gold Cards. If you have a worthwhile reason for borrowing, don't bother to call them.
http://www.citywire.co.uk/money/why-investors-hate-banks-executive-pay-comparison/a585607?re=18903&ea=174368&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary......... the average return on equities across five of the big
utilities companies over the past year has been almost six times that of banks..........
..........However, in the same period the average remuneration of top-tier management at the utilities companies we looked at is £7.4 million, while the average top-tier bank remuneration is £34.3 million
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Comments
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Over 6 hours, without a single reply, for such an 'interesting' post....
It is absolutely alien to my normal character to show you any sympathy, macaque, but somehow I felt sorry for you and felt the need to respond....
I must be turning soft. Or maybe I'm getting tired....yawn.... zzzzzzzzzzzzzzz0 -
Apparently Surmerv has been having a go at the banks, and telling Gideon he's got to get on with sorting them out.
Fat chance, when everybody at the Treasury including Gideon is aiming for a seat on the board of a bank."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
It's a large pie, and everyone wants a slice :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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We both we don't really have a choice.
They are both essential to life in the world we live in now. Both industries seem bullet proof in that if they fail the state will pickup the pieces.
Both are essentially parasites and no doubt pay in the Utilities will catch up equalise.
Don't forget that Bob D on his own distorts that pot total. Quite why he justifies those packages is beyond me share price/dividend don't justify it."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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