From time to time news filters down to us mere mortals what gigantic incomes are enjoyed by the owning class. A recent example was the case of Richard Handler, chief executive of Jefferies International the investment bank. "In a report filed with the SEC, the investment bank revealed the former junk bond trader was paid £19 million, comprising a base salary of £1 million, a cash bonus of £5 million and £13 million in stock. ..... Mr Handler still trails Lloyd Blankfein, of Goldman Sachs, who was paid £21 million last year." (Times, 30 January) These vast incomes are being enjoyed by a tiny minority whilst millions of people are trying to survive on $2 a day. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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