SV650.org - SV650 & Gladius 650 Forum - Sorry seems to be the hardest word

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Re: Sorry seems to be the hardest word

Four bankers saying sorry eh???

I reckon they should form a boy band and sing that. 'Sorry, is all that I can say, words don't come easily, like forgive me...forgive me... but you can say baby, baby can I hold you tonight'
Okay its goes off on a tangent a bit calling the taxpayer baby but you get my drift.

Re: Sorry seems to be the hardest word

Quote:

Originally Posted by jamesrichardson (Post 1781860)

to use the heart surgeon example again.

A persons life is priceless, should doctors performing life saving surgery be given a blank cheque each month? They get a good salary, but not ridiculous amounts like these £2 million salaries.

I wouldn't say priceless, but they are given a wage that reflects their skill and training. I have met a few surgeons of varying seniority, and none of them are poor...

What I do wonder is what are these mega-salary people to the banks, what can they do that normal people can't?

Re: Sorry seems to be the hardest word

Quote:

Originally Posted by yorkie_chris (Post 1781876)

Now you clearly understand my point YC.These people are not superhuman and dont deserve superhuman wages.They are part of an organisation and they couldnt function without the support of every other part of the organisation.They may be well trained and experienced at what they do and I have no issue with them being well paid for that.But there are plenty of others who are equally able and would do the job for less money if given the chance,but then we get the smoke and mirrors of the powerful defending their own.

Re: Sorry seems to be the hardest word

Well the argument used to be that they get the big money for taking the big risks.....

Except that I dont see them down the Social because they have lost their Houses, their Cars etc..............

Re: Sorry seems to be the hardest word

Quote:

Originally Posted by Ed (Post 1781798)

Hornby saying that he has lost a fortune is really a sham because the underlying assets creating the 'wealth' were never really there in the first place, and so why should he have bonus for something that never existed? More smoke and mirrors... Compare to Dizzy's heart surgeon where the achievement is obvious. There is a self-perpetuating myth and still a closed shop - whoever sponsors it - that needs more research.

IIRC, banks are capable of creating money. For example, you invest £10 with a bank, they will be permitted to loan out £100, secured on your investment. The bank has literally created £90, generating wealth that as you say, isn't really there.

It might sound like madness, but this is how a capitalist economy grows. It's all very easy for you to say it's ********, but the fact is that without the banks the economy won't develop, you wouldn't be able to buy a house and the country wouldn't be in a position to build hospitals staffed with heart surgeons.

Quote:

Originally Posted by Ed (Post 1781798)

FS will say that that he's banging his head against a brick wall here, but FS I think you rather assume too much - I mean, that the fact of wealth creation justifies it, when we all know that the wealth wasn't there to start with.

How many times do I need to repeat myself. You may well be right that bankers are all self serving so and so's - I don't dispute that. I was simply saying that there will be cases where people are 'worth' their large salaries.

Re: Sorry seems to be the hardest word

Quote:

Originally Posted by Flamin_Squirrel (Post 1781910)

It's how we assess and value that 'worth' that I'm interested in, rather than the sophistry that we have got used to - so used to in fact that it has become an established norm.

Re: Sorry seems to be the hardest word

Quote:

Originally Posted by Ed (Post 1781917)

It's how we assess and value that 'worth' that I'm interested in, rather than the sophistry that we have got used to - so used to in fact that it has become an established norm.

True.Not just a norm,its now seen as indisputable fact that if we dont pay these people vast sums our world falls apart.I dont believe that "fact"

Re: Sorry seems to be the hardest word

Simple answer.

If your boss came up to you and said "We've had a think on it, we want to pay you £100,000 a year because we think you bring more than that to the company".

Would you say no?

Me, I would ask why I have to take a pay-cut :p :twisted: :smt040 (I wish)

Re: Sorry seems to be the hardest word

interesting debate, good read, cant comment much on the bankers as dont know much about it / not interested.

but i will say that if i owned a company that £600,000 start-up capital. and I could employ someone for £600,000 a year who made me £2m a year....i would....

however, finding someone genuinly worth that much and it all isnt based on myth etc could be tricky!