Showing posts with label hsbc. Show all posts
Showing posts with label hsbc. Show all posts
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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