Saturday, 13 September 2008

Stephen Green On Banker's Pay

The BBC is letting the Stephen Green get away with a little too much organised hypocrisy today. The HSBC chairman is complaining that extragant bankers pay may well have contributed to the current financial crisis. It is a fair point, if not a very original one. But hang on. Is this the same Stephen Green who allowed HSBC to go on a massive hiring spree to beef up its own not-very-good investment bank? That wouldn't have done anything to push up pay and bonuses would it?

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