The more you read about it the more you have to come to the conclusion that nothing has or will change in the banks. They have fought (and won) tooth and nail to place their own candidates into the most senior positions. I, for one, simply do not believe the line that they are peddling, about not being able to find external candidates. It is a pack of lies.
But what a ridiculous situation that those 'underlings' to the CEO's are now earning up into the €600,000's! My God, they are so not worth it. They made a bags of running the banks - and have all but bankrupted the Country into the bargain. And if we are to believe what we read, then the bonuses - and not the basic pay - are where bankers earn their real money - into the millions of Euro. Have these been eliminated or capped? Not to my knowledge. Aren't the banks being 'forced to pay them by law'? Poor darlings!
The culture of the banks remains strong. Their ethic (if that not a contradiction in terms) towards anything other than themselves, their bonuses and their balance sheets remains intact.
They have stifled economic development and the day-to-day running of business in this country. And they remain unpunished. They remain powerful. They continue to dictate their own terms of rescue. And one can't help but have the feeling that when this eventually passes, whatever is left in its' wake, will not have affected them one little bit.
They will soon (sure aren't things turning around globally in banking already) be back to their even bigger pay-packets, immoral bonuses and old 'screw everyone else' ways.
No comments:
Post a Comment