Summary
THIS has not been a good week for bank executives. John Thain decided it was better not to ride his Pounds 196,000 flying rug to Davos in case he was pulled off by an angry mob.
Citigroup cancelled its new executive jet. And even Bob Diamond, Barclays Pounds 21m man, felt that it might be better to give the Swiss resort a miss and work on Barclays' accounts.See the full content of this document
Extract
Insanity of the Bonus Culture ; Comment [Eire Region]
As if this weren't enough, President Obama weighed into the fun noting that the Pounds 13bn or so of bonuses pocketed by Wall Street bankers last year, as the world financial sy...
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