Masters of the Universe
Old news from 2007 – 2009.
Readers might not be aware about the rampant greed displayed by the ‘Masters of the Universe’ some have got away with a lottery sized fortunes at the expense of the taxpayer.
Health Warning Alert
Have a stiff drink before you read on. Did you ever wonder why the exchange rates went down the drain?
What happened to your healthy bank account and interest rates on your savings?
Can we blame some of the nit-wits who were in charge of your money? Well some of them are culpable!
If you do start grinding your teeth move onto another section of the blog.
Sir Shred with a £2.1 million annual salary, including a bonus of £814,000 for the takeover. Read more
Bob Diamond was a top banker he was the president of Barclays. He was asked to justify being paid a thousand times more than an average bank employee. Read More
Multi-billionaire and US squash all-star Dick Fuld, 62, was CEO of Lehman Brothers when it went bust in September 2008. Dubbed the “scariest man on Wall Street.” Read more
Aside from pay and the potentially huge bonuses, the bank also provide up to £25,000 to fund Mr Daniels’s tax and financial planning, plus a car allowance of £1,000 a month. Read more
An American banker has walked away from taxpayer-controlled Royal Bank of Scotland with a £19million pension pot. Read More
Peter Cummings, who masterminded many of the stricken bank’s high-profile deals, has left with a pension pot estimated at £10million-plus. Read More
This one was head of AIG, the insurance giant. Read more
It was revealed that the disgraced former boss of Northern Rock received a ‘golden goodbye’ of nearly £900,000. Read more
During the housing boom, “Sub” reportedly earned $470 million in salary and other income. Read more
Lawyers for his victims called on authorities to help prevent his wife from holding on to their $823 million fortune. Read more
Chief executive Michael Geoghegan will soon have to pass the hat round to shareholders for up to £10billion cash. Read more
Taxpayers’ take a 70% stake in Lloyds with new £260bn deal. Read more
‘With the benefit of hindsight, this is an acquisition we wish we had not undertaken.’ Read more
The man who led the team advising RBS in spearheading a £50billion takeover of Dutch rival ABN Amro. Read more
The accounts also list the pay of non-executive directors. Read more
‘I had a very strong numerate background. I carried out post-doctoral research at an applied mathematics institute in Paris.’ Read more
A 25-year-old planning to retire at the age of 65 would need to save £3,750 a month to build a pension pot of £10m. Read more
Is thought to have amassed a pension pot worth about £10m at the bank.
The FSA’s chief executive Hector Sants admitted his firm’s performance was ‘unacceptable.’ Read more
He savaged fat cat bankers while lining his pockets. He attacked hedge funds then joined one. Read more
The risk manager was sacked and subsequently awarded a payout at the industrial tribunal. Read more