Barclays to cut 12,000 jobs, pays bigger bonuses

Comments (11)
Rich_F wrote:

not sure how banks will survive in a socialist “paradise” like Britain. companies should be allowed to pay their employees what they think they’re worth. after all its their money.

Feb 11, 2014 9:02am EST  --  Report as abuse
StevefromFL wrote:

Winner take all!

Feb 11, 2014 9:05am EST  --  Report as abuse
toptaciturn wrote:

“.. raising bonuses at the investment bank by 13 percent despite a slump in its profits”, “…said up to 9 percent of employees could go, including 7,000 in Britain, as it tries to lower costs.” So let’s put this financial equation into layman’s perpective. Profits go down so let’s give ourselves bonuses and to even the keel, we’ll send some employees off straight away. Then what?

Feb 11, 2014 9:36am EST  --  Report as abuse
QuietThinker wrote:

Sounds like they are reducing actual banking services and increasing bonuses to the gamblers in “investment banking” aka speculating with other peoples money (OPM).

Feb 11, 2014 9:37am EST  --  Report as abuse
ZAMORANO wrote:

Obviously the top brass at Barclay’s prefer to ignore that it was grotesque greed and excessive compensation in the investment banking world what caused one of the biggest financial crisis since the 30’s. To create more unemployment to make more affluent an already overpaid bunch is sickening to those of us who believe in free enterprise but reject the self-indulgence of those in control.

Feb 11, 2014 10:05am EST  --  Report as abuse
brotherkenny4 wrote:

People must be monitarily compensated for the immoral acts they have to commit for the bank. It is not easy being a slim ball. Psychologically it can leave a person devoid of all joy and life and so these slim balls must be compensated for this risk. I think a good actor could potentially be slimy like this and still be safe from mental breakdown, since they are apparently predisposed to manipulation of the slaves without conscience, but there are not enough actors to fill the banking roles, and thus huge compensations are necessary for the average banker that does not have the natural predisposition for intentional deceit as an actor might.

Feb 11, 2014 12:32pm EST  --  Report as abuse
AlkalineState wrote:

Nationalize the banks. What do I care, I don’t own a bank. Make the CEO’s get a real job for a change.

Feb 11, 2014 12:39pm EST  --  Report as abuse
Robert76 wrote:

Another Big Business cutting jobs, and rewarding the wrong people with large bonuses again. Sounds like a Republican success plan to me!

Feb 11, 2014 12:39pm EST  --  Report as abuse
zoobadooba wrote:

Riiiight that makes sense. Our business is failing and profits are dropping, so lets give bonuses to those that made it happen. makes sense.

Feb 11, 2014 1:23pm EST  --  Report as abuse
zoobadooba wrote:

Riiiight that makes sense. Our business is failing and profits are dropping, so lets give bonuses to those that made it happen. makes sense.

Feb 11, 2014 1:29pm EST  --  Report as abuse
possibilianP wrote:

Just the fact that they are relying on these “best people” shows that they just don’t get it. There’s just not that much of a difference on average in the real world. Unless of course they are talking about Egos, and then there are considerably large differences.

Feb 11, 2014 5:21pm EST  --  Report as abuse
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