LOL!! This is brilliant

grizzly1911

Wookster wrote: »

Graham, you have to ask yourself, if Mark Carney was in the commercial world he would be on a multi million pound salary.

If you're in government, and you think he's the best man for the job, then you need to offer him a sweet enough package to incentivise him to take the job.

Like it or not, most folks do their job for the money rather than some grandiose sense of helping the world out.

He is part of the "government". He will do what he is allowed to do by "government". Nominally they are independent.

Not much different to the OBR just another tripartate arrangement to shuffle culpability and evade responsibility. We are a cork in large rough sea, we lost our rudder and power decades ago.

You are right self interest is all that matters.

grizzly1911

Graham_Devon wrote: »

I have asked myself that.

But he's not, and isn't. Presumably he would be if there was so much demand?

I wonder how far down the job description this was - ability to bull**** for 5 years with a thick skin, guaranteed contract even if you fail.

Generali

This really is turning into quite the Leftie mutual masturbation club.

Wookster

Graham_Devon wrote: »

I have asked myself that.

But he's not, and isn't. Presumably he would be if there was so much demand?

Graham, that is a very short sighted and narrow minded comment. Disappointing from someone who usually posts from a place of reason and logic.

GeorgeHowell

Generali wrote: »

This really is turning into quite the Leftie mutual masturbation club.

I will be the first to admit that the lefties will resent anyone who earns more than a junior social worker, or more than them, and their view of things like this is generally not worth considering.

But there is an issue here as to whether this character is worth the huge package that he is being given out of public money. Osborne would no doubt say that he was by far the best candidate, was reluctant to come, and that's what it took to get him. We can debate it for yonks but we won't know the answer until he's been in the job for at least a couple of years.

I would say this is of far less concern than the package given to Entwhistle when he was sacked as BBC DG. This was a clear reward for failure, which can only be explained by Patten trying to give himself an easier life and which has now been roundly attacked by a committee of MPs. Whereas Carney's is at least a reward for anticipated success.

N1AK

Graham_Devon wrote: »

What's he going to do that no one else has thought of? What makes him so special that we will stand out amongst our EU peers? Why is no other country banging down his door to grab him?

This is a pretty pathetic thread and some depressingly puerile posts GD that you've shown yourself to be capable of doing better than.

He has the ability to uniquely influence the UK economy if he is 1% more likely to make use 1% wealthier as a nation than the next best candidate then the extra pay is money very well spent.

You can validly debate whether he is worth the money, you can even validly debate that anyone should be allowed to earn that much money but these posts have been at best nonsense and at worst trolling.

You have no idea whether he could have gotten another job or who else may or may not have approached him. That entire argument is schoolyard level stuff and isn't going to persuade anyone. The fact that you need to resort to petty little asides like suggesting dissenters loathe firemen and nurses just emphasises that you've said nothing of substance.

lvader

So we employ someone who will cost or save us billions of pounds if not 10s of billions of pounds and some lefties have gone all righteous because they don't understand that a living allowance for working abroad is common practice. The reason that it isn't included in the basic salary is to save money since it's the basic that is used to work out bonuses and pension.

N1AK

Graham_Devon wrote: »

Peston now has a blog on the subject.

The comments, put in order of rating, seem to flow with my feelings on the subject.

Congratulations you're operating on the level of your average 'speak your brains' BBC commentard. Highest rated currently:

So how does one get into this club of crooks that are paid silly salaries by governments?

Oh, I forgot. You have to go and work for Goldman Sachs first, and swear your allegiance to their interests. And we all know what those are.

This one is at least coherent, but as with your arguments hear it is all spurious unsubstantiated noise that any ignorant person could spout.

chewmylegoff

Graham_Devon wrote: »

I have asked myself that.

But he's not, and isn't. Presumably he would be if there was so much demand?

I work in the public sector.

I could work in the private sector and earn more money, my work would not be as interesting. Thus I prefer to stay where I am and earn less.

However, I still need to be paid enough to keep me happy to stay in the public sector - I need a salary that will fulfil my required standard of living otherwise I will say 'screw the interesting work give me $$$' and off I will trot to the private sector.

I imagine it's more or less the same for people filling high profile public sector posts (albeit with a bit more ego/ambition thrown into the equation). I have no doubt he could earn much more in the private sector, and if he'd been offered the sort of salary you'd be happy for him to receive that's no doubt where he would be.

P.s. you have misread peston, he is not saying that carney can set interest rates himself, he is just referring rather imprecisely to the BoE's remit to set interest rates independently of government. The MPC has not been scrapped. Carney will also have prudential supervision of the banks within his remit due to the break up of the FSA, so he has greater responsibility than the outgoing governor.

Generali

GeorgeHowell wrote: »

I will be the first to admit that the lefties will resent anyone who earns more than a junior social worker, or more than them, and their view of things like this is generally not worth considering.

But there is an issue here as to whether this character is worth the huge package that he is being given out of public money. Osborne would no doubt say that he was by far the best candidate, was reluctant to come, and that's what it took to get him. We can debate it for yonks but we won't know the answer until he's been in the job for at least a couple of years.

I would say this is of far less concern than the package given to Entwhistle when he was sacked as BBC DG. This was a clear reward for failure, which can only be explained by Patten trying to give himself an easier life and which has now been roundly attacked by a committee of MPs. Whereas Carney's is at least a reward for anticipated success.

I reckon that at least 99% of the population, me included, are incapable of concluding whether or not Mr Carney has been a success once he completes his contract. My guess is that many of the 99%, the OP included, will decide that an inflation rate of higher than 2.01% for more than a couple of months will mean he's failed.

Sorry to interrupt the onanism, please continue Gentlemen.