You know, I'm more than a little tired of the politicians pointing fingers and misleading the public as to who is the real culprit when it comes to bonuses paid out for less than mediocre performances by banks which are 'owned' by the public.
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I chortled when one of the discombobulated capitalists tried to explain Mr. Hestor's bonus as required in order to keep able bodied CEO's. Mr. Hestor, she declared, was entitled to the bonus because the bank had lost less money than the previous year. In my opinion, Mr. Hestor would be hard pressed to find another job which paid the salary he's grown accustomed to during these economic trying times and yet, we still hear this ludicrous rationale. I remember CEO's who took on failing companies for the salary of one dollar. Of course those were the days when the capitalists still possessed some honour and were willing to push up their shirt sleeves and work their fingers to the bone for the greater good of the company.
I had more or less breathed a sigh of relief when the close to £1,000,000 bonus debacle on the bailed out RBS [Royal Bank of Scotland] was relinquished by Mr. Hestor.
However, not once did I lay the blame at Mr. Hestor's feet because the principle share holder and controlling factor is the government of the people. Which, obviously, is not by the people and for the people despite all the assurances to the contrary which have foamed out of Mr. Cameron's mouth since being elected.
Then! What do I hear? Fred Goodwin, former head of RBS, is stripped of his knighthood even though he's committed no crime.
Former RBS boss stripped of Knighthood
I don't believe granted knighthoods awarded during the days when bankers were in the pink rather than the red should be yanked to placate popular opinion. Shouldn't a knighthood be more noble than that? If one has been deemed as a person of distinction and hasn't committed heinous acts or ignoble deeds they should be able to keep the title. After all, it wasn't their decision to grant such an honour and exactly who is being embarrassed when such niggardly acts are undertaken? Those that wield the ability to give and take away is who.
Who really should be stripped of their perks and positions? Why, the people who appointed such porkers to these perk riddled placements. Mr. Cameron, there's a saying.
"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time." - attributed to Abraham Lincoln
If you Americans believe there's no reporting on the Republican primary results in the UK, you're wrong. I just hear enough of that when I'm back in Canada so I figured I'd focus on political turmoil of another stripe.
"Tigers bloom where there's oodles of room." Zodiac Zoo