IN YOUR FACE: Uber Wealthy Goldman Sachs Vice-Chairman Tells Public To "Tolerate The Inequality"

[Orwellian_Ghost]

Bankers' soaring pay is an investment in the economy, Lord Griffiths tells public meeting on City morality

Public must learn to 'tolerate the inequality' of bonuses, says Goldman Sachs vice-chairman

One of the City's leading figures has suggested that inequality created by bankers' huge salaries is a price worth paying for greater prosperity.

In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret Thatcher, said banks should not be ashamed of rewarding their staff.

Speaking to an audience at St Paul's Cathedral in London about morality in the marketplace last night, Griffiths said the British public should "tolerate the inequality as a way to achieve greater prosperity for all".

He added that he knew what inequality felt like after spending his childhood in a mining town in Wales. Both his grandfathers were miners who had to retire from work through injury.

With public anger mounting at the forecast of bumper bonuses for bankers only a year after the industry was rescued by the taxpayer, he said bankers' bonuses should be seen as part of a longer-term investment in Britain's economy. "I believe that we should be thinking about the medium-term common good, not the short-term common good ... We should not, therefore, be ashamed of offering compensation in an internationally competitive market which ensures the bank businesses here and employs British people," he said.

...

http://www.guardian.co.uk/business/2009/oct/21/executive-pay-bonuses-goldmansachs

[DJ13]

1. Perhaps channeling Marie Antoinette isnt a smart idea?

[jgraz]

17. He may have to "tolerate the inequality" that we all have heads on our shoulders

while his is in a basket next to the guillotine.

[voc]

23. .

[TankLV]

2. OMG!!! WHAT FUCKING "PROSPERITY" YOU FUCKING OUTOFTOUCH OLD FART?!!!

HE needs to be OUT OF A JOB and ON THE STREETS - PRONTO!!!

Let him learn what the rest of us have to live like!!!

I would bring back the Guillotine - just for HIM!!!

[Yo_Mama_Been_Loggin]

3. Hey dipshit

You're not creating prosperity. You're just running a high stakes casino with our money.

:argh:

[Sebastian Doyle]

4. Hey, your "lordship".....

How would you like to "tolerate" a size 15 boot up your ass? :grr:

[QC]

5. Oh well, I guess I'm an old-fashioned, sentimental type....

[Systematic Chaos]

6. Pathetic, doughy, pasty-looking whitebread asshole, ain't he?

Sorry, bitter old man. He's "better" than we are because he makes lots and lots of money.

He also doesn't look like he's really smiled in years, and probably hasn't gotten laid without paying for it for decades.

Fuck his sorry fuckstick ass.

I'm broke and my health sucks and I'll guarantee that despite all of my problems and complaints and insecurities my life is still richer than his by miles.

:rofl:

[VOX]

7. "tolerate the inequality... to achieve greater prosperity for all" = rising tide floats all boats

What a bunch of Ayn Rand, I-got-mine-get-outta-my-way load of horseshit!

Lord Griffiths = Another HOG at the trough. :puke:

[Ikonoklast]

8. Spend some money on a haircut, you twit.

And then go fuck yourself with the rest.

[NYC_SKP]

9. People with that attitude deserved to be cooked and eaten.

Or just eaten raw.

I care not, as long as they suffer and die.

[begin_within]

10. Inequality is a way to achieve greater prosperity for all?

Hmmm... where have we heard that before?

[phaseolus]

11. He's begging a few dozen questions, isn't he?

Do they really add anything of value to the economy? How the hell is hoovering a few billion off the top of the economy due to your intimate familiarity with markets of benefit to more than a very few people? If you waved a magic wand and eliminated Goldman Sachs and, let's just say, the top 0.01% earners in all the other banks and financial firms worldwide, would the world really grind to a halt? Would that somehow make us unable to produce and buy food, build cars, buy houses, sell things? Just why are the crème-de-la-crème Griffy's talking about so essential to the world economy?

I'm just an engineer, not a finance guy, so I'll happily stand corrected by someone who knows what they're talking about if I'm way off base, here.

[imdjh]

12. Tie him to a stake surrounded by bundles of sticks, and ask the question again. nt

[imdjh]

13. deleted

[DJ13]

15. Fire ants and lots of honey

[imdjh]

16. fire

[DJ13]

19. I wanted a slower death, but fire works for me!

[HughMoran]

22. Heh

These arrogant execs seem to be begging for a major uprising, don't they?

[bridgit]

14. I ssss-ay, then let them eat inequality

[Odin2005]

18. In a church of all places, FUCK HIM!

:grr:

[dysfunctional press]

27. why do you want someone to fuck him in a church?

and you seem fairly adamant about it.

[OHdem10]

20. Coming from the bunch that just about destroyed the financial system

this raises my eyebrows as I try to lift my jaw off the floor.

The one that really gets me---we will lose talent. You call
failure talent, I ask.

What is so darn scary, these people do not seem smart enough
to have learned from their mistakes.

The Casino's on Wall Street will be opening for bets.

[donheld]

21. Will these "uber-wealthy" tolerate when the public storms there ivory towers and demands recompence?

[tblue]

24. If ever there was justification for extraordinary rendition....

[Marr]

25. I think it's time to start building guillotines.

These fuckers need to be reminded of who really needs whom.

[dysfunctional press]

26. let them 'tolerate' the sharp end of the blade.

:grr:

[47of74]

28. I have one thing to say to that pile of dog shit

[Patchuli]

29. Ugly prick!

Karma...