It's the same the whole world over
It's the poor wot gets the blame
It's the rich as gets the pleasure
Ain't it all a cryin' shame !
Yesterday it was reported that Bob Diamond received a bonus of £ 14.8 million for growing profits at BarCap by £ 1 billion in under 4 years.
Seems only fair. But wait, what’s this ? The SocGen enquiry into Jérôme Kerviel’s misdeeds finds that the little Gallic rascal was given a beggarly €300 k bonus for the €1.4bn profit he made in 2007 - in a single year ! – before it all went so very wrong. That’s just £ 225 k: BarCap Bob got 66 times as much ! And he had a whole team, and several years, to make as much profit.
One can’t but sympathise with the injustice suffered by poor Jérôme. Have the French really so little understanding of the Anglo-Saxon business model ?