the g20 have decided that there should be action on bonuses in the financial sector.
you can hear the cheers around the world. there is little sympathy for the fallen masters of the universe.
a financial service guy is wheeled out on to the news, he is there to tut tut the news. much wringing of hands, much doom and gloom for him.
his major argument is: if you want the best staff you have to pay the best.
well given that a large chunk of the financial sector has had to go cap in hand to governments around the world that pretty much tells me that for all the money they have been shelling out to 'top performers' all in all they have managed to get some pretty shitty staff in.
they all seem to be on a par with me when it comes to assessing risk and benefit and ability to maximise gain.
mmmm perhaps it is time for me to become a banker.
(oi you in the back: i said banker....)
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