Good article in the Guardian two days ago about the looting of Barclays bank by those at the very top. Two statistics that really caught my attention were that Barclay’s top 238 staff took home £1.01 billion last year , which is £4.27 million each. Meanwhile, the bank carries £1.8 trillion in gross credit risk, which is more than the UK’s entire annual income.
You can spin these figures various ways, not all bad, but what stands out for me is how a plethora of major public companies nowadays are seemingly run for the enrichment of senior staff. The true owners have lost control.
Full article right here
Big Fish Eats Little Fish
http://www.glebedigital.co.uk/blog/?p=1576