Desperately seeking readership?
Discussion
ukwill said:
Why were you reading the comments section?Lord Lawson is the latest to line up to 'bash the bankers' and comment upon immoral and unjustified unsustainable bonuses. Seems the clever ones are switching sides. Looking for any politician to stand up in public and announce the opposite to Lawsons comments now, must be one daft enough.
marcosgt said:
No worse than the 'comment' sections in the quality right wing press.
It's supposed to be 'challenging' (or controversial) to elicit a response, seems it did
OP - Are you a banker?
M.
The irony being that the Grauns readership (as CIF demonstrates daily) is, apparently, a cut above the readership of the other dross on Fleet St (or indeed, Wapping).It's supposed to be 'challenging' (or controversial) to elicit a response, seems it did
OP - Are you a banker?
M.
No, I'm not a banker.
(although the term has become so massively conflated that I might be, without even knowing I am)ukwill said:
marcosgt said:
No worse than the 'comment' sections in the quality right wing press.
It's supposed to be 'challenging' (or controversial) to elicit a response, seems it did
OP - Are you a banker?
M.
The irony being that the Grauns readership (as CIF demonstrates daily) is, apparently, a cut above the readership of the other dross on Fleet St (or indeed, Wapping).It's supposed to be 'challenging' (or controversial) to elicit a response, seems it did
OP - Are you a banker?
M.
No, I'm not a banker.
(although the term has become so massively conflated that I might be, without even knowing I am)I'm sure it's readership don't consider themselves above readers of, say, the Telegraph (or probably the Times, although that's tainted by association these days) except in their 'superior' political opinions and that's totally reciprocated
M.
crankedup said:
Lord Lawson is the latest to line up to 'bash the bankers' and comment upon immoral and unjustified unsustainable bonuses. Seems the clever ones are switching sides. Looking for any politician to stand up in public and announce the opposite to Lawsons comments now, must be one daft enough.
If I hear the term "immoral" used anymore I fear I may combust 
. Besides, thousands of companies in the financial services / banking sector have recently paid out bonuses that were a/. justifiable (to their criteria) and b/. sustainable (for their business). So not quite sure of your point there caller?ukwill said:
If I hear the term "immoral" used anymore I fear I may combust . Besides, thousands of companies in the financial services / banking sector have recently paid out bonuses that were a/. justifiable (to their criteria) and b/. sustainable (for their business). So not quite sure of your point there caller?
Catch Lord Lawsons interview from the Politics Show today. Of course you may convince yourself that what he has to say is Socialist mumbo Jumbo. So my point is this, is Lord Lawson just plain wrong, or, more likely, uses carefully selected words within his sentences to make the unpalatable premise that the days of the trough (bonus payments for failure) are over as of no later than 2015. Lawson is well known for holding down lucrative senior positions in the City, voicing such opinions may come as a surprise to some. . Besides, thousands of companies in the financial services / banking sector have recently paid out bonuses that were a/. justifiable (to their criteria) and b/. sustainable (for their business). So not quite sure of your point there caller?Personally, it would be good for the Countries financial well being if bonus payments are only paid out against a strict definition / criteria of a successful period of time served.
marcosgt said:
You've obviously not found the Daily Mail 'news' section then 
M.
I recently started trying to engage with the comment section of the Guardian (on the theory that you learn more if you discuss with the enemy).M.
I yearn for the level of debate seen on the DM website. If you question any piece published by the Guardian you are a Tory apologist. This does not mean "of a right wing inclination", it means a child rapist scumbag.
On a Payday loans article, many posters berated the Tories for allowing them (they have been around for years), when you point this out they claim it was a secret Tory conspiracy!
It makes the DM website look reasonable. The one thing I'll say is that the average comment length is longer on the Guardian, representative of more bulls
t. crankedup said:
Catch Lord Lawsons interview from the Politics Show today. Of course you may convince yourself that what he has to say is Socialist mumbo Jumbo. So my point is this, is Lord Lawson just plain wrong, or, more likely, uses carefully selected words within his sentences to make the unpalatable premise that the days of the trough (bonus payments for failure) are over as of no later than 2015. Lawson is well known for holding down lucrative senior positions in the City, voicing such opinions may come as a surprise to some.
Personally, it would be good for the Countries financial well being if bonus payments are only paid out against a strict definition / criteria of a successful period of time served.
Actually, in some respects I think Lawson speaks a lot of sense. He wrote a decent article in the FT over the weekend. Trouble is you aren't really getting it saying things like "bonus payments for failure" - that shows a complete misunderstanding of the IB world, but it certainly panders to populist drivle.Personally, it would be good for the Countries financial well being if bonus payments are only paid out against a strict definition / criteria of a successful period of time served.
Furthermore, are you seriously suggesting that the Govt legislates against the payments of bonuses in private industry? Because Lawson isn't. He's more interested in the accounting practices that lead a number of banks to pay out inflated bonuses, relevant to their real profit (not paper profit).
You'll also find that since the CEBS edict, more and more financials are paying bonuses in (mainly) shares/options, with multi-year vesting periods.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff