Financial crisis

In British newspapers of October 14 it is revealed that bonuses in the city of London financial institutions last year ( 2007) amounted to £17 billion pounds. You can quite easily multiply this by ten for such institutions in the USA, continental Europe, Japan, Hong Kong, Singapore etc. So £170 billion pounds were siphoned off by the fat cats over just one year by a conservative estimate. If this had gone on for the last ten years, £1.7 trillion pounds have been creamed off which is about the same amount now required to be paid off by the ordinary taxpayer of each country to stave off a complete meltdown of the western style capitalist system.
This bakshish culture of bonuses, tips, gratuities etc for supposedly good work must stop. The normal pay must reflect a standard measure of expected good work without any other incentive, failing which there must be penalties such as demotion or dismissal.
Such bonus culture is part and parcel of a culture of corruption hidden by euphemism. The corruption in Bangladesh is indeed chicken feed in comparison.

Comments

Financial crisis

In British newspapers of October 14 it is revealed that bonuses in the city of London financial institutions last year ( 2007) amounted to £17 billion pounds. You can quite easily multiply this by ten for such institutions in the USA, continental Europe, Japan, Hong Kong, Singapore etc. So £170 billion pounds were siphoned off by the fat cats over just one year by a conservative estimate. If this had gone on for the last ten years, £1.7 trillion pounds have been creamed off which is about the same amount now required to be paid off by the ordinary taxpayer of each country to stave off a complete meltdown of the western style capitalist system.
This bakshish culture of bonuses, tips, gratuities etc for supposedly good work must stop. The normal pay must reflect a standard measure of expected good work without any other incentive, failing which there must be penalties such as demotion or dismissal.
Such bonus culture is part and parcel of a culture of corruption hidden by euphemism. The corruption in Bangladesh is indeed chicken feed in comparison.

Comments

পোপের শেষকৃত্যে যোগ দিতে রোম পৌঁছালেন প্রধান উপদেষ্টা

আগামীকাল ভ্যাটিকান সিটিতে পোপের অন্ত্যেষ্টিক্রিয়া সম্পন্ন হবে।

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