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Sunday, 3 March 2013

The old saying is wrong. Crime does pay.


HSBC Chief Executive Stuart Gulliver To Receive '£2 Million Bonus'

HSBC Chief Executive Stuart Gulliver


Almost every day, there is an announcement somewhere of banking CEO,s or other senior management, receiving huge bonus payouts. In most cases, the banks concerned have been involved in some questionable practices, or even criminal activity. In this instance, it is money laundering and mis-selling. In any other situation, the people responsible would have been charged and most likely imprisoned for such crimes. When it comes to the banks however, the people in charge take the bonus, and the corporation "takes the rap".