I just had a rather fascinating discussion on that subject with a couple of friends. One is a very senior bod at HSBC and the other is a newly very senior bod at the FSA.
They both looked rather intrigued when I pointed out that as a comparatively lowly earning person, I look at the Fred Godwin case and my automatic reaction is "what about my pension?"
The government has also pretty much guaranteed that Fred Godwin will not push part of his pension back into training/charity/generic third sector work.
Mind you, I also pointed out that a year ago, a headline such as "HSBC seeks £12.5bn from shareholders" would have been a positive headline - the non-HSBC person's immediate reaction to that was "oooh, warchest?"
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branchandroot
no subject
Date: 2009-03-02 11:47 pm (UTC)They both looked rather intrigued when I pointed out that as a comparatively lowly earning person, I look at the Fred Godwin case and my automatic reaction is "what about my pension?"
The government has also pretty much guaranteed that Fred Godwin will not push part of his pension back into training/charity/generic third sector work.
Mind you, I also pointed out that a year ago, a headline such as "HSBC seeks £12.5bn from shareholders" would have been a positive headline - the non-HSBC person's immediate reaction to that was "oooh, warchest?"