Posted on November 23, 2011, 12:15 pm, by Gordon Pearson, under
Bank Bonuses,
Corruption,
Economic Theory,
Financial Sector,
Investment banking,
Political Decision,
free trade ideology.
Aside from IQ, what do Fred ‘The Shred’ Goodwin, the Duke of Westminster, the Prince of Wales and dear old Bob Diamond have in common? Well, it’s not absolutely certain, but there’s a strong probability that they pay a lower rate of tax than you do. The interesting thing is ‘why?’ There are two reasons. [...]
During the past week the much derided Bob Diamond, CEO of Barclays Bank, has graced the world with both a lecture and an interview with the BBC. Asked about his remuneration, modesty forbad him to admit precise figures, though figures are available. £5.4 million is the number widely quoted for the last year. That’s down [...]