That won't happen, the ceo's come from the same schools and are part of the same system of inflated egos and self intrest, they believe they are all something special, without any evidence to support the fact.
Think you're confusing two different things - director/ceo pay circlejerk and pay set for employees. Bankers are not the CEO's peers and banks are not collectives based on upper class solidarity. The management would screw the employees out of any salary in a second if they could. They only pay what the market demands - and if highly-paid banking was actually monkey work that 60% of the populace could do with minimal training, they'd have them in doing it instead.
I wish I could sit down with my mates and we could all decide how much each other was paid.
You can, when you're in charge of a multi billion pound business.
Speaking of which, if it's so easy and does not need any special skills to do, then why aren't you doing it?
I'll let you into a secret by the way. People are not paid according to some arbitrary scale of perceived worth. They are paid according to how many people there are that can do that job, and how much money that job can make when it's being done. So that makes bankers highly paid, and factory workers not. That's capitalism, suck it up.
*heads to hills to organise Peoples Popular Liberation Army against this red fascist junta*
I can also tutor talkemada in the prodding of the genitalia with big pointy sticks, etc.
the last thing turkey murder needs is tutoring in manipulating genitalia. his posting on here leads me to suspect that he's already olympic class.
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Hans, Hans, Hans! We've been frew this a dozen times. I don't have any weapons of mass destwuction, OK Hans?
Speaking of which, if it's so easy and does not need any special skills to do, then why aren't you doing it?I'll let you into a secret by the way. People are not paid according to some arbitrary scale of perceived worth. They are paid according to how many people there are that can do that job, and how much money that job can make when it's being done. So that makes bankers highly paid, and factory workers not. That's capitalism, suck it up.
Do you really believe we live in a meritocracy? please do tell me, what special skills would be required to work in investment banking, that excludes us all from having the ability? What is it they do so well that is beyond so many of us mere mortals.
They have these jobs because they had the opportunity, the old school tie is alive and kicking in the banking sector (not talking about branch clerks and helpdesk personnel here obviously). They look after themselves and it is a closed club to 99% of the population.
TJ you may laugh but they are watching and listening.
You have all dictator qualifications, socialist tenancy, over active moral code, far to many ideas and the big give away, Dictator of your own empire-captain of a tandem. Both Hitler and Stalin had tandems in their formative years, that Chavez chap has just ordered one from Dawes. He wanted a Ventana but they are from the US and that would have ruined his cred with the people.
They award themselves the huge saleries and bonuses because they have the power to do so.
Do you really believe we live in a meritocracy?
He can answer for himself but I don't think he said we lived in a meritocracy, he just said that the wages are set in order to pay for the people who can be hired to do the job. How they got to that position (the private education, the subsidised Uni places and the unpaid work experience which only the rich can afford to undertake) is neither here nor there to the employer - they're not interested in social mobility, they're just interested in making money.
And it's that making money interest that undermines your silly claim that 60% of the population could do it with a little training. Obviously if 90% of the population had had the same education and opportunities (and attitude) of the average investment banker they could be because bankers aren't born different from anyone else. But if Morgan Stanley, Deutsche Bank, Goldman Sachs etc could hire 1000 temps from Manpower on a tenner an hour and give them a little bit of training to do the same job as the guys that are making 100 quid an hour, then obviously they would do it tomorrow!
So, you don’t actually know what they do that is so complicated and difficult, you just believe that is the case. As for making money, why did they need so much of our money to bail them out if they were making so much?
Your belief in "the special ones" seems nothing more than new religion.
he last thing turkey murder needs is tutoring in manipulating genitalia. his posting on here leads me to suspect that he's already olympic class.
Gold medalist.
I am the Amy Williams of the torturing world...
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So, you don’t actually know what they do that is so complicated and difficult, you just believe that is the case. As for making money, why did they need so much of our money to bail them out if they were making so much?
Your belief in "the special ones" seems nothing more than new religion.
I think at this point you're either willfully misinterpreting what I wrote because you realise your earlier claims are nonsense or just a bit thick. I haven't said once that what they did was special, always [i]successful[/i] at making money or in any way socially constructive.
What you'd need to know as a banker depends on what market you'd work in but you might, taking some of the words/phrases thrown up on this thread as an example, be expected to understand the theory and practice of remuneration committees of publicly listed companies, what being publicly traded meant and how it impacts operations, the difference between investment and retail banks, the difference between employees' interests and shareholders' interests, whether and how fiduciary interests can clash with public interests, and whether that matters. And you'd be expected to apply that knowledge to large transactions, demanding internal/external clients and you'd also be expected to work some life-killing long hours. Some of those things are fairly complex and - unsurprisingly - are part of what gets studied on the average university economics/business/law/finance course (along with Countdown and Neighbours). You'd also be be expected to be reasonably numerate, articulate and be capable of a degree of abstract thought, and know the difference between a normative and a positive statement. And unfortunately that's not the sort of thing that - as you suggest - the majority of the population can just pick up with "a little training". It is, actually, quite complicated and not that straightforward. Again, and this seems to have blown by you, none of that necessarily makes it [i]good[/i] or that it makes bankers nice, sympathetic, interesting, deserving or anything else. They're not salt miners or hospice nurses and if they don't like it, they can take their marketable skills and **** off.
Your perception of banking as being a sinecure for the upper classes and the preserve of pink-tied Old Etonian Tim-Nice-But-Dim buffoons who get the job because Bunty from the Drones Club recommended them is 20 or possibly 30 years out of date. It's very competitive, internally (between banks) and externally (vs law, accountancy, consulting, whatever).
However - none of that makes them "worth" 20 times as much as a nurse or whatever. Its all about having the power to grab the money
you lost me at "fiduciary".
You do feel strongly about this then?
It was only a matter of time before TeeJ's dictatorship turned into a squabbling mess...
I'm rubbing my hands in preparation for the coup. I suspect Talcumpowderer will jump right into bed with me, seeing as we're a perfect size match for 69ing 😯
none of that makes them "worth" 20 times as much as a nurse or whatever
I agree entirely...and note that it's interesting we find it hard to talk about people's "value" without using the terms of the market.
Louie Spence and a load of UKIP et al as his gimps.
Maybe Essex as Gulag.
trailmonkey - Member
*heads to hills to organise Peoples Popular Liberation Army against this red fascist junta*
Oh, that's just not fair!
While I was in town getting my beret sized up somebody else jumped in and organised a revolution.
Well, I [b]am[/b] the Popular People's Army of Liberation - OI trailmonkey, SPLITTER!
beret ? pah !! you sound like you'd fit right in with Chairman Tandem and his lap dog Turkey Murder.
Ditch the foppery and join us.
tm, I'm in with the Popular Front 
good work dd. no berets. i'm figuring on a pretty relaxed regime. half day weds and weekends off.
