European Salon de News, Discussion et Klatsch - 22 March | 84 comments (84 topical, editorial, 0 hidden)

I missed that paper? Who wrote it?

by Metatone (metatone [a|t] gmail (dot) com) on Mon Mar 22nd, 2010 at 07:23:21 AM EST
[ Parent ]

See Sven's diary: What are they worth? (December 14th, 2009)

A total of six different jobs were analysed to assess their overall value. These are the study's main findings:
The elite banker
"Rather than being wealth creators bankers are being handsomely rewarded for bringing the global financial system to the brink of collapse
Paid between £500,000 and half a million and £80m a year, leading bankers destroy £7 of value for every pound they generate".

The brainless should not be in banking -- Willem Buiter

by Carrie (migeru at eurotrib dot com) on Mon Mar 22nd, 2010 at 09:23:10 AM EST
[ Parent ]

Re: Economy and Finance (none / 1)

But bankers are not the worst:

Advertising executives
The industry "encourages high spending and indebtedness. It can create insatiable aspirations, fuelling feelings of dissatisfaction, inadequacy and stress. For a salary of between £50,000 and £12m top advertising executives destroy £11 of value for every pound in value they generate".
Tax accountants
"Every pound that a tax accountant saves a client is a pound which otherwise would have gone to HM Revenue. For a salary of between £75,000 and £200,000, tax accountants destroy £47 in value, for every pound they generate".

The brainless should not be in banking -- Willem Buiter

by Carrie (migeru at eurotrib dot com) on Mon Mar 22nd, 2010 at 09:24:09 AM EST
[ Parent ]

Re: Economy and Finance (4.00 / 2)

To Chris Cook's proposed "nega-watt", we can add the nega-buck, the nega-pound and nega-euro, but at least nega-watts served a socially useful purpose.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 22nd, 2010 at 11:25:02 AM EST
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European Salon de News, Discussion et Klatsch - 22 March | 84 comments (84 topical, 0 editorial, 0 hidden)