Thursday 22 February 2007

City brokers ...

If you think some celebrities and sports people are overpaid, the bonuses paid to some City bankers and brokers are equally obscene. They would argue that they are dealing in billions, the job is stressful, there is an early age burn out, and that the bonuses are only just reward for the huge profits they generate for their respective companies. However, it just sticks in the craw of regular working folk struggling to keep up with the mortgage payments.

It's not dissimilar to Camelot talking about a worldwide lottery with a huge multi-millon jackpot. No! No! No! That's just plain stupid. I do the lottery and usually tear up my ticket with two or less numbers up, and yes I would like to win a million and I'd be extremely happy with that. If they have a much bigger jackpot then it should be spread more rather than giving it to one person. I know I'm not alone in thinking this and if Camelot want to retain their right to print money when the lottery franchise comes up for grabs agaion, then they would do well to heed it, rather than talking up ridiculously high jackpots.

However, there is no 'fairness' in City bonuses, lotteries, and football wages. If anything these excesses seem to climb ever higher. Witness the Beckham LA move.
Funny old world. They just can't stop laughing about it in Darfur.

Q: How many City brokers does it take to change a lightbulb?
A: 37.83 That's 2.49 less than yesterday's closing figure.

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