BD, just for you I had already drafted this reply ready. I knew it was coming 🙂
Im not going to deny there’s been plenty of well documented incidences of reward for failure in the commercial sector, but I dont recall any derivative traders being directly responsible for the untimely death of 90 people. Unless Im missing something fundamental to the futures markets?
Not to mention it’s the shareholders of public companies that “lose” out when there’s failure and reward – they have the power to deal with it and it’s their choice to be exposed to such problems.
We’re all the “shareholders” in NHS Trusts and we dont have a choice in the matter.
I appreciate that RBS is “state owned” now, but in that instence it was the government that dropped the ball.