Install the app
How to install the app on iOS

Follow along with the video below to see how to install our site as a web app on your home screen.

Note: This feature may not be available in some browsers.

The Privileged Elite

Status
Not open for further replies.
Bonuses are there largely because they are required to attract talented employees who make the money used to pay the bonuses, surely? A bank could decide to slash its bonuses one year after under-performance, but they would soon be hiring from a much weaker pool of talent and seeing their best employees leave for their competitors. I'm not saying they're reasonable in size, but you asked earlier why pay these bonuses if not purely for greed.



What exactly are all the employees turning a blind eye to, in your view?

A peculiar interpretation if I may say so of my words, but I get the gist of the firection you're going.

As an analogy, consider these hot shot bankers with premiership footballers, same approach. Because dividends need paying and bonuses need paying the pinch is made on customers/clients somewhere along the line, this directly concentrates money into a minority.
The competitive nature of capitalism pushed directly on performance and so things 'like' insider dealing take place, anything that gives the upper hand or 'competitive edge' in corporate speak.

The bonus system once the individual is taken out, serves what purpose exactly?
 
No, but I have never suggested that money particularly affects educational performance. Although I think it can. I mean that it allows you access to things which I a child growing up in poverty cannot afford. Private school, for example, which will enable it's pupils better chances through connections and resources.
Completely agree. An old bloke I knew who died aged 86 about 10 years ago won a scholarship to one of the grammar schools in Liverpool. Must have been in the 1930s. His parents didn't send him because they couldn't afford the uniform. He spent his working life as a binman. I have no doubt that, blessed with the same intelligence, had he been Charlie Bromley-Davenport- Smythe and not Charlie from Toxteth his life would have been considerably different just based on the affordability of a uniform.
 
Bonuses are there largely because they are required to attract talented employees who make the money used to pay the bonuses, surely? A bank could decide to slash its bonuses one year after under-performance, but they would soon be hiring from a much weaker pool of talent and seeing their best employees leave for their competitors. I'm not saying they're reasonable in size, but you asked earlier why pay these bonuses if not purely for greed.



What exactly are all the employees turning a blind eye to, in your view?
You should get a bonus for good performance and that is the end of it. If you fail then nobody owes you. Good performers would get theirs so there should not be an issue.
My Dad tought me I was not owed a living and neither are any of us. If you can work you should, if you can't then we should look after you and if you fail in work then be grateful for your basic.
Not just banks but many boardrooms have awarded themselves crazy money for a long time. Has to stop. Income distribution in this country is a disgrace.
 
Completely agree. An old bloke I knew who died aged 86 about 10 years ago won a scholarship to one of the grammar schools in Liverpool. Must have been in the 1930s. His parents didn't send him because they couldn't afford the uniform. He spent his working life as a binman. I have no doubt that, blessed with the same intelligence, had he been Charlie Bromley-Davenport- Smythe and not Charlie from Toxteth his life would have been considerably different just based on the affordability of a uniform.
I was in school with a bloke whose language skills were amazing, a stunning talent but his base language was scouse. He never got a decent job using his language skills, English not BBC.
 
Nice idea you have my vote, but it's never going to happen. No matter how good state schools are or become, they will never be able to compete with Harrow, Eton and the like because they haven't got the "elite" also known as the Establishment giving them their patronage. You would have to create a society where everybody gets the same opportunity regardless of their background, accent, gender, colour and solely based on ability. which the Establishment don't want.

You only have to look at the banking crisis of a few years ago. Not one bank has been brought to account for their actions, We found money to bail them out but get no return from the money the taxpayers put in. Instead the blame was directed at the poorest people in society- the homeless, the disabled, the unemployed who, via the Establishment controlled media, have been turned into lazy feckless scroungers. And yes, I know there's a whole argument to be had about people fiddling benefits but compared to the amount lost by tax avoidance it's peanuts.

I could go on- Hillsborough cover up, The Goddard enquiry, Jimmy Saville who used his connections to the elite to pursue his heinous crimes, Cyril Smith, who was part of the Establishment, Rupert Murdoch telling John Major, a British Prime Minister "I will bring you down" And if you get bored one day, google Ted Heath.

Sorry, rant over. The system is rotten.
Broadly agree but have never seen a shred of real evidence about Ted Heath.
 

I was in school with a bloke whose language skills were amazing, a stunning talent but his base language was scouse. He never got a decent job using his language skills, English not BBC.
Slightly off topic but it amazes me how much prejudice there still is to Scouse acccents. When I moved to Durham 25 years ago, I was in work, I hardly knew anybody, I was really homesick, and a woman I had never seen before said "Haven't you been arrested yet?" I looked at her with a completely blank expression on my face. She continued "Well, the only time you hear a Liverpool accent in Durham is when somebody has escaped from the prison"
 
Slightly off topic but it amazes me how much prejudice there still is to Scouse acccents. When I moved to Durham 25 years ago, I was in work, I hardly knew anybody, I was really homesick, and a woman I had never seen before said "Haven't you been arrested yet?" I looked at her with a completely blank expression on my face. She continued "Well, the only time you hear a Liverpool accent in Durham is when somebody has escaped from the prison"
Surprised. Always found that area great but you get them everywhere. Have worked in Manchester for twenty years and the tedious little wits still make 1980s scouser jokes.
 
https://www.theguardian.com/society...issing-out-on-banking-jobs-for-lacking-polish

The elite wielding their power? or common sense approach to business?

all seems a bit sinister to me...

I've been conned here, I assumed this was a thread about Park Enders.

The single greatest indicator of a child's success in life in the UK even today in 2016, is the size of their parent's wallet. It's no coincidence.

*orders super sized wallet off Amazon
 


Status
Not open for further replies.

Welcome to GrandOldTeam

Get involved. Registration is simple and free.

Back
Top