Eaten alive by investment bankers

[NoelWatson]

Not had the chance to read the FT today (where I understand there are other related articles)

http://www.ft.com/cms/s/0/f18263ec-2ab8-11de-8415-...

"“I witnessed trusting and naive provincial building society executives and non-executives, who had no real understanding of securitisation or structured finance or any other aspect of the workings of global capital markets, being eaten alive by cynical, rapacious and short-termist investment bankers,” he said."

[fido]

These 'naive' and 'trusting' building society executives seem to be on £200k+ packages, going by the voting pamphlets they send me every year .. if they are not good enough to understand their job then why are they being rewarded?

Edited by fido on Friday 17th April 10:57